Title
Adopt a Resolution to authorize and direct the Auditor-Controller to amend the Fiscal Year 2019-20 Adopted Budget, Facility Master Plan Projects Fund, Fund 404, Appropriation Unit RMA015, to increase appropriations and revenues by $11,133,785, where the financing source is State Aid Reimbursements (4/5 vote required).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors adopt a resolution to authorize and direct the Auditor-Controller to amend the Fiscal Year 2019-20 Adopted Budget, Facility Master Plan Projects Fund, Fund 404, Appropriation Unit RMA015, to increase appropriations and revenues by $11,133,785 where the financing source is State Aid Reimbursements (4/5 vote required).
SUMMARY:
The Resource Management Agency (RMA) is the lead for managing capital projects for County facilities. The Facility Master Plan Projects Fund, Fund 404, is used to account for financial resources and expenditures used for the construction of Board-approved capital facility projects greater than one (1) million dollars. The Fiscal Year (FY) 2019-20 modified Adopted Budget for Fund 404 is $24,519,303 and includes appropriations for numerous projects in various stages: Carmel River Floodplain Restoration and Environmental Enhancement Project (CRFREE), Carmel Lagoon Scenic Road Protection Structure, Facilities Utilization Plan (FUP), Homeless Shelter, New Juvenile Hall, and Jail Housing Addition. Often annual Capital Fund budgets require a true-up to adjust appropriations for estimates made during budget development, which is the case for Fund 404. RMA has identified two (2) capital projects needing appropriation increases totaling $14,665,670, due to schedule changes that shifted expenditures anticipated in last fiscal year (FY 2018-19) to this current fiscal year (FY 2019-20). Three (3) capital projects forecast to expend less than appropriated in FY 2019-20 by $3,531,885 will partially offset the appropriations increase need. Overall estimated co...
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