County of Monterey - File #: BC 23-142

• File #: BC 23-142
• Name: Increase Appropriations True Up
• Type: Budget Committee
• Status: Agenda Ready
• File created: 10/13/2023
• In control: Budget Committee
• On agenda: 10/25/2023
• Title: a. Support authorizing and directing the Auditor-Controller to amend Fiscal Year 2023-24 Adopted Budget as follows: 1. Increase appropriations by $3,647,411 in Fund 478-BIR, Appropriation Unit CAO047, financed by Unrestricted Net Position (478-BIR-3202); 2. Increase appropriations by $9,523,444 in Capital Projects, Fund 404, Appropriation Unit PFP057, financed by increased revenues from Federal Aid Reimbursements of $821,934, a transfer in from Fund 478-BIR, Appropriation Unit CAO047 of $4,865,213, and Unassigned Fund Balance (404-3101) of $3,836,297; 3. Increase appropriations by $503,067 in General Fund, Fund 001, Facility Services Appropriation Unit PFP054, financed by a transfer in from Fund 478-BIR, Appropriation Unit CAO047. b. Support authorizing and directing the Auditor-Controller to transfer $5,368,280 from Fund 478-BIR, Appropriation Unit CAO047 to Capital Projects, Fund 404, Appropriation Unit PFP057 ($4,865,213) and General Fund, Fund 001, Facility Services Appropria...

Title
a. Support authorizing and directing the Auditor-Controller to amend Fiscal Year 2023-24 Adopted Budget as follows:
1. Increase appropriations by $3,647,411 in Fund 478-BIR, Appropriation Unit CAO047, financed by Unrestricted Net Position (478-BIR-3202);
2. Increase appropriations by $9,523,444 in Capital Projects, Fund 404, Appropriation Unit PFP057, financed by increased revenues from Federal Aid Reimbursements of $821,934, a transfer in from Fund 478-BIR, Appropriation Unit CAO047 of $4,865,213, and Unassigned Fund Balance (404-3101) of $3,836,297;
3. Increase appropriations by $503,067 in General Fund, Fund 001, Facility Services Appropriation Unit PFP054, financed by a transfer in from Fund 478-BIR, Appropriation Unit CAO047.
b. Support authorizing and directing the Auditor-Controller to transfer $5,368,280 from Fund 478-BIR, Appropriation Unit CAO047 to Capital Projects, Fund 404, Appropriation Unit PFP057 ($4,865,213) and General Fund, Fund 001, Facility Services Appropriation Unit PFP054 ($503,067).
Report
RECOMMENDATION:
It is recommended that the Budget Committee:
a. Support authorizing and directing the Auditor-Controller to amend Fiscal Year 2023-24 Adopted Budget as follows:
1. Increase appropriations by $3,647,411 in Fund 478-BIR, Appropriation Unit CAO047, financed by Unrestricted Net Position (478-BIR-3202);
2. Increase appropriations by $9,523,444 in Capital Projects, Fund 404, Appropriation Unit PFP057, financed by increased revenues from Federal Aid Reimbursements of $821,934, a transfer in from Fund 478-BIR, Appropriation Unit CAO047 of $4,865,213, and Unassigned Fund Balance (404-3101) of $3,836,297;
3. Increase appropriations by $503,067 in General Fund, Fund 001, Facility Services Appropriation Unit PFP054, financed by a transfer in from Fund 478-BIR, Appropriation Unit CAO047.
b. Support authorizing and directing the Auditor-Controller to transfer $5,368,280 from Fund 478-BIR, Appropriation Unit CAO047 to Capital Project...