Special Notice / Hearing: None
Vote Required: 4/5th
To: Honorable Board of Supervisors
From: Michael Callagy, County Executive
Roberto Manchia, County Chief Financial Officer
Subject: Countywide FY 2024-25 Year-End Appropriation Transfer Requests (ATR) in the aggregate amount of $14,538,898 from County funding and/or organizational accounts
RECOMMENDATION:
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Approve Appropriation Transfer Requests (ATRs) transferring an aggregate total of $14,538,898 from various County funding and/or organizational accounts to other County accounts as specified in the respective ATRs submitted with this memorandum: Revenues - $8,076,032 ($75,398 Measure K Sales and Use Tax); Fund Balance - $2,469,378; Services and Supplies - $2,468,090; Fixed Assets - $950,000; Other Financing Uses - $75,398; Contingency and Reserves $500,000 to the following: Revenues - $75,398; Salaries and Benefits - $655,238; Services and Supplies - $7,491,896; Other Charges - $4,695,878;Other Financing Uses - $652,398; and Intrafund Transfer - $968,090.
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BACKGROUND:
To complete and reconcile the County's financial accounts at the end of each fiscal year, a series of Appropriation Transfer Requests (ATRs) are submitted together to ensure that sufficient appropriations cover expenditures and that expenditures are represented correctly in each of the County's funds. The aggregate amount of the ATRs this year is $14,538,898 and includes adjustments totaling $2,469,378 from Fund Balance available made for accounting purposes for depreciation costs.
All other adjustments, totaling $12,069,520 are funded from Revenues, Salaries and Benefits, Services and Supplies, Other Charges, Fixed Assets, and Reserves (General Fund and non-General Fund), generated by the various budget units with no increase in Net County Cost.
DISCUSSION:
These year-end ATRs accomplish the following transfers:
1. Parks Department (3900B) - Appropriates $315,289 from Fund Balance to Depreciation (ATR25-B070...
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