Title
Adopt a Resolution to amend the Monterey County Free Libraries budget:
a. Authorize the Auditor-Controller to amend the FY 2017-18 Monterey County Free Libraries budget, Fund 003, Appropriation Unit LIB001, reducing appropriations by $1,168,589.26 and reducing estimated revenue by $1,870,664.55, where the reduction in the contribution to fund balance is a result of the appropriation and estimate revenue decrease (4/5ths vote required);
b. Authorize the Auditor-Controller to amend the FY 2017-18 budget, reducing appropriations in Fund 001, Contingencies (CAO020), by $51,299 and increasing appropriations for Other Financing Uses, Fund 001, Appropriation Unit CAO017, by $51,299 (4/5ths vote required); and
c. Authorize an operating transfer in FY 2017-18 to the Monterey County Free Libraries, Fund 003, Appropriation Unit LIB001, in the amount of $51,299, financed by an operating transfer out of $51,299 from Other Financing Uses, Fund 001, Appropriation Unit CAO017 (4/5ths vote required).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
Adopt a resolution to amend the Monterey County Free Libraries budget:
a. Authorize the Auditor-Controller to amend the FY 2017-18 Monterey County Free Libraries budget, Fund 003, Appropriation Unit LIB001, reducing appropriations by $1,168,589.26 and reducing estimated revenue by $1,870,664.55, where the reduction in the contribution to fund balance is a result of the appropriation and estimate revenue decrease (4/5ths vote required).
b. Authorize the Auditor-Controller to amend the FY 2017-18 budget, reducing appropriations in Fund 001, Contingencies (CAO020), by $51,299 and increasing appropriations for Other Financing Uses, Fund 001, Appropriation Unit CAO017, by $51,299 (4/5ths vote required).
c. Authorize an operating transfer in FY 2017-18 to the Monterey County Free Libraries, Fund 003, Appropriation Unit LIB001, increasing appropriations in the amount of $51,299, financed by an operating transf...
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