Title
Adopt a Resolution to:
a. Authorize and direct the Auditor-Controller to amend the FY 2020-21 adopted budget to increase appropriations in the Building Improvement and Replacement sub-fund (478-BIR-CAO047-1050-8539) by $11,810,000 to allow for an operating transfer out to Natividad to reimburse Natividad for the purchase of the Seaside Family Health Center located at 1156 Fremont Boulevard in Seaside, financed by $11,810,000 in unrestricted net position (4/5ths vote required); and
b. Authorize and direct the Auditor-Controller to transfer $11,810,000 from the Building Improvement and Replacement sub-fund (478-BIR-CAO047-1050-8539) to Natividad (451-NMC001-9600-8142) (4/5ths vote required).
Report
RECOMMENDATION:
It is recommended that Board of Supervisors Adopt a Resolution to:
a. Authorize and direct the Auditor-Controller to amend the FY 2020-21 adopted budget to increase appropriations in the Building Improvement and Replacement sub-fund (478-BIR-CAO047-1050-8539) by $11,810,000 to allow for an operating transfer out to Natividad to reimburse Natividad for the purchase of the Seaside Family Health Center located at 1156 Fremont Boulevard in Seaside, financed by $11,810,000 in unrestricted net position (4/5ths vote required); and
b. Authorize and direct the Auditor-Controller to transfer $11,810,000 from the Building Improvement and Replacement sub-fund (478-BIR-CAO047-1050-8539) to Natividad (451-NMC001-9600-8142) (4/5ths vote required).
SUMMARY:
In 2020, the County purchased the building that houses the Health Department's Seaside Family Health Center (Seaside Clinic) for $11,810,000. Natividad financed the building's purchase with the anticipation that the Health Department would repay the funds over 25 years. The Seaside clinic is a General Fund asset. Beginning in Fiscal Year 2020-21, the building's depreciation will be included in the County's countywide cost allocation plan (COWCAP). The Health Department will be allocated a building depreciation...
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