Title
Continued from March 11, 2014:
a. Authorize the Auditor-Controller to establish a budget for the East Garrison Developer Reimbursements, Fund 182, Unit 8431, Appropriation Unit DEO029, for FY 2013-14 by increasing appropriations and estimated revenues by $150,000 (4/5th vote required); and
b. Authorize the Auditor-Controller's Office to incorporate approved appropriation and estimated revenue modifications to the FY 2013-14 Budget.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Authorize the Auditor-Controller to establish a budget for the East Garrison Developer
Reimbursements, Fund 182, Unit 8431, Appropriation Unit DEO029, for FY 2013-14
by increasing appropriations and estimated revenues by $150,000 (4/5th vote required);
and
b. Authorize the Auditor-Controller's Office to incorporate approved appropriation and
estimated revenue modifications to the FY 2013-14 Budget.
SUMMARY/DISCUSSION:
There are currently two reimbursement agreements between the County of Monterey and the
East Garrison Developer, UCP. The agreements provide for reimbursement to the County for
expenditures incurred by the County when performing project administration or land use
activities associated with East Garrison development. In order to track these expenditures and
reimbursements, Staff worked with the Auditor-Controller's office to establish a new
organizational account structure, Fund 182 East Garrison Developer Reimbursements Unit
8431, Appropriation Unit DEO029.
Fund 182 was created after the adoption of FY 2013-14 Budget for the Economic Development
Department and as such there are no approved appropriations or revenues assigned for FY
2013-14. During the course of the current Fiscal Year (2013-14), work has been performed by
staff in support of the East Garrison development that is reimbursable under the agreements
between the County and the Developer. Therefore, appropriations are needed to record these
expenditures...
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