Title
Approve and authorize the Auditor-Controller to amend the Fiscal Year (FY) 2013-14 Parks Department General Fund Budget (Fund 001 Appropriation PAR001) to increase estimated revenue and appropriations in the amount of $351,000 (4/5th vote required).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors, approve and authorize the Auditor-Controller to amend the Fiscal Year (FY) 2013-14 Parks Department General Fund Budget (Fund 001 Appropriation PAR001) to increase estimated revenue and appropriations in the amount of $351,000 (4/5th vote required).
SUMMARY/DISCUSSION:
The Parks Department requests an increase in estimated revenue and appropriation in the amount of $351,000 due to unanticipated expenditures and revenues for:
· Laguna Seca management and operational review;
· Unanticipated security and financial processing expenses;
· Unanticipated emergency maintenance; and
· Personnel administration.
This amendment, with specified adjustments as set forth in the attached document, will provide adequate appropriations to cover increased costs associated with the unanticipated expenditures incurred in FY 2013-14. These items total an anticipated shortfall in appropriations of $351,000 which will be covered by unbudgeted revenue of $351,000 projected to be received prior to the close of FY 13-14. Please see attached for specific adjustments.
OTHER AGENCY INVOLVEMENT:
Due to time constraints, this matter was not considered by the Board's Budget Committee. In consultation with the Budget Committee Chair, this matter has been scheduled for full Board consideration.
FINANCING:
The increased estimated revenue and appropriation will not impact Parks Department General Fund Contribution.
Prepared by:
_____________________________
Nicholas E. Chiulos
Assistant County Administrative Officer / Interim Parks Director
Ext. 5145
Attachments:
Revenue and Expense Budgetary Adjustments