To: Board of Supervisors
From: Aviation
Agenda Section: Consent
Vote Requirement: 4/5th
SUBJECT:
title
Aviation Enterprise Fund (3530) Year-End Appropriation Transfer and Supplemental Budgets for Fiscal Year (FY) 2022-23 (4/5 Vote Required)
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve the attached appropriation transfer and supplemental budgets for Aviation Enterprise Fund (3530) (4/5 Vote Required).
Body
SOURCE OF FUNDING:
Aviation Enterprise Fund (3530)
DISCUSSION:
Departments are responsible for budget monitoring and preparation of appropriation transfers and supplemental budgets as needed to cover negative balances at the categorical level. Expenditures cannot exceed appropriations. Therefore, the Department of Aviation has prepared appropriation transfers and supplemental budgets to balance the Aviation Enterprise Fund (3530) Fiscal Year 2022-23 budgets.
FINANCIAL IMPACT:
|
Expenditures (3530-381) |
FY22-23 Adopted |
|
Additional Appropriation Requested |
$2,327,518 |
|
Total Expenditures |
$2,327,518 |
|
Funding Sources (3530-381) |
FY22-23 Adopted |
|
General Fund |
$0 |
|
Use of Fund Balance |
$2,327,518 |
|
Contingencies |
$0 |
|
Total Funding Sources |
$2,327,518 |
*Projected amounts are estimates and are subject to change.
Narrative Explanation of Financial Impact:
The attached budget adjustments cover expenditures that have already occurred. The Department of Aviation has sufficient revenues and budget savings to cover expenditures. There is no impact to the General Fund.
STAFFING IMPACT:
There is no staffing impact associated with this item.
STRATEGIC FRAMEWORK:
This action supports the following areas of your Board’s Strategic Framework.
Core Roles: N/A
New Initiatives: Manage our resources to ensure sustainability of services
Strategic Plan: N/A
OTHER AGENCY INVOLVEMENT:
N/A
ALTERNATIVES TO STAFF RECOMMENDATIONS:
Your Board of Supervisors may choose not to approve the appropriation transfers and supplemental budgets. However, this is not recommended as the departmental budget will not balance without adjustments.
ATTACHMENTS:
1. 3530381 Supplemental Budget
2. 3539170 Supplemental Budget
3. 3530373 Budget Adjustment Form
PREVIOUS ACTION/REFERRAL:
Board Order No.: N/A
Meeting of: N/A
File No.: N/A