Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: John L. Maltbie, County Manager
Subject: Countywide FY 2017-18 Year-End Appropriation Transfer Request (ATR) in the amount of $7,700,363 from various budget units
RECOMMENDATION:
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Adopt resolutions authorizing Appropriation Transfer Requests transferring $7,700,363 from various budget units: Services and Supplies ($26,100), Contingencies and Reserves ($3,475,000), Revenues ($2,229,849) and Fund Balance ($1,969,414); to the following: Salaries and Benefits ($1,700,000), Services and Supplies ($2,060,565), Revenues ($1,057,000) and Other Charges ($2,882,767).
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BACKGROUND:
To close the County's financial records at the end of each fiscal year, a countywide ATR is submitted to ensure that expenditures are covered by sufficient appropriations and that expenditures are represented correctly in each of the County's funds. The amount of the ATR is $7,700,363 and includes adjustments totaling $1,916,414 that were made for accounting purposes only.
All other adjustments, totaling $5,783,949, are funded from savings, reserves or unanticipated revenues generated by the various budget units with no increase in Net County Cost.
This year-end ATR does the following:
1. Assessor- County Clerk-Recorder(1300B) - Transfers $1,700,000 in Non-Departmental ERAF Reserves and $1,700,000 in Interfund Transfers from the General Fund to Salaries and Benefits and Services and Supplies in the Assessor-County Clerk- Recorder's budget and Services and Supplies in the Non-Departmental Services budget to cover the overrun of costs associated with the November 7, 2017 Consolidated Municipal, School and Special District Election and the June 5, 20185 Statewide Direct Primary Election . (ATR #18-050I)
2. Assessor-County Clerk-Recorder (1300B) - Recognizes $1,057,000 in unanticipated Election Services revenue related to the November 7, 2017 Consolidated Municip...
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