County of Monterey - File #: 18-1035

• File #: 18-1035
• Name: Lake Resorts Financial report & Fund Transfer - Oct 2018
• Type: General Agenda Item
• Status: Scheduled AM
• File created: 10/8/2018
• In control: Board of Supervisors
• On agenda: 10/16/2018
• Title: a. Receive a report on the financial conditions of the lake resorts operations. b. Authorize the Auditor-Controller to transfer $1,993,149 from General Fund (001) contingencies to the Lake Resorts Fund (Fund 452, Appropriation Unit RMA102), where funding is a decrease in appropriations by $1,993,149 in Appropriation Unit CAO020-001-8034-7811 and increase appropriations in CAO017-001-8038-7614 by $1,993,149 (4/5ths vote). c. Authorize the Auditor-Controller to transfer $250,000 from General Fund (001) contingencies to the Lake Resorts Fund (Fund 452, Appropriation Unit RMA102), where funding is a decrease in appropriations by $250,000 in CAO020-001-8034-7811 and increase appropriations in CAO017-001-8038-7614 by $250,000 (4/5ths vote). d. Authorize the Auditor-Controller to decrease appropriations by $515,000 in Appropriation Unit CAO020-001-8034-7811 and increase appropriations in COU006-001-8429-6613 to fund fuel spill remediation at the Lakes (4/5ths vote).

Title
a. Receive a report on the financial conditions of the lake resorts operations.
b. Authorize the Auditor-Controller to transfer $1,993,149 from General Fund (001) contingencies to the Lake Resorts Fund (Fund 452, Appropriation Unit RMA102), where funding is a decrease in appropriations by $1,993,149 in Appropriation Unit CAO020-001-8034-7811 and increase appropriations in CAO017-001-8038-7614 by $1,993,149 (4/5ths vote).
c. Authorize the Auditor-Controller to transfer $250,000 from General Fund (001) contingencies to the Lake Resorts Fund (Fund 452, Appropriation Unit RMA102), where funding is a decrease in appropriations by $250,000 in CAO020-001-8034-7811 and increase appropriations in CAO017-001-8038-7614 by $250,000 (4/5ths vote).
d. Authorize the Auditor-Controller to decrease appropriations by $515,000 in Appropriation Unit CAO020-001-8034-7811 and increase appropriations in COU006-001-8429-6613 to fund fuel spill remediation at the Lakes (4/5ths vote).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Receive a report on the financial conditions of the lake resorts operations.
b. Authorize the Auditor-Controller to transfer $1,993,149 from General Fund (001) contingencies to the Lake Resorts Fund (Fund 452, Appropriation Unit RMA102), where funding is a decrease in appropriations by $1,993,149 in Appropriation Unit CAO020-001-8034-7811 and increase appropriations in CAO017-001-8038-7614 by $1,993,149 (4/5ths vote).
c. Authorize the Auditor-Controller to transfer $250,000 from General Fund (001) contingencies to the Lake Resorts Fund (Fund 452, Appropriation Unit RMA102), where funding is a decrease in appropriations by $250,000 in CAO020-001-8034-7811 and increase appropriations in CAO017-001-8038-7614 by $250,000 (4/5ths vote).
d. Authorize the Auditor-Controller to decrease appropriations by $515,000 in Appropriation Unit CAO020-001-8034-7811 and increase appropriations in COU006-001-8429-6613 to fund fuel spill r...