Title
Adopt a resolution to authorize and direct the Auditor-Controller to amend the Fiscal Year 2020/21 Adopted Budget to:
a. Increase appropriations by $571,000 in Resource Planning Fund 478, Building Improvement and Replacement Appropriation Unit CAO047, financed by Fund 478 Unrestricted Net Position, (4/5 vote required);
b. Increase appropriations by $571,000 in Capital Projects Fund, Fund 402, Appropriation Unit RMA014, financed by an operating transfer in of $571,000 from Resource Planning Fund 478, Building Improvement and Replacement Appropriation Unit CAO047 (4/5 vote required); and
c. Transfer $571,000 from Resource Planning Fund 478, Building Improvement and Replacement Appropriation Unit CAO047, to Capital Projects Fund, Fund 402, Appropriation Unit RMA014.
Report
RECOMMENDATION:
Adopt a resolution to authorize and direct the Auditor-Controller to amend the Fiscal Year 2020/21 Adopted Budget to:
a. Increase appropriations by $571,000 in Resource Planning Fund 478, Building Improvement and Replacement Appropriation Unit CAO047, financed by Fund 478 Unrestricted Net Position, (4/5 vote required);
b) Increase appropriations by $571,000 in Capital Projects Fund, Fund 402, Appropriation Unit RMA014, financed by an operating transfer in of $571,000 from Resource Planning Fund 478, Building Improvement and Replacement Appropriation Unit CAO047 (4/5 vote required); and
c. Transfer $571,000 from Resource Planning Fund 478, Building Improvement and Replacement Appropriation Unit CAO047, to Capital Projects Fund, Fund 402, Appropriation Unit RMA014.
SUMMARY/DISCUSSION:
On June 23, 2020, the Board of Supervisors adopted the County of Monterey Capital Improvement Program Five-Year Plan for Fiscal Years 2020/21 through 2024/25 and approved funding for two (2) unfunded projects prioritized for Fiscal Year (FY) 2020/21: #PD 2017-01 Probation-1422 Natividad Road Elevator Modernization ($350,000) and #2001 Health Department-1270 Natividad Road, Salinas Water Intrusion ($221,000) (Attachment A-06/23/20 Board Resolution No. 20-215). The funding source identified for the unfunded projects was Fund 478, Building Improvement and Replacement Appropriation Unit CAO047. Today’s requested action provides for the necessary appropriation increases and the fund transfer from Fund 478 to Capital Projects Fund 402 for these projects.
OTHER AGENCY INVOLVEMENT:
This report was reviewed by the County Administrative Office Budget & Analysis Division.
FINANCING:
The Budget Committee recommended, and the Board of Supervisors approved, using Fund 478 Building Improvement and Replacement funds for the #PD 2017-01 Probation-1422 Natividad Road Elevator Modernization and #2001 Health Department-1270 Natividad Road, Salinas Water Intrusion projects. Currently, Fund 478’s Unrestricted Net Position is $46,777,421; the requested action, if approved, will reduce it by $571,000 to $46,206,421.
BOARD OF SUPERVISORS STRATEGIC INITIATIVES:
If approved, the recommended action supports the Board of Supervisors’ Administration and Infrastructure Strategic Initiatives by ensuring accurate, timely, and transparent fiscal accounting while enabling the Department to provide essential physical infrastructure for the County.
Economic Development
X Administration
Health & Human Services
X Infrastructure
Public Safety
Prepared by: Sandra Lance, Finance Manager I (831)755-4823
Reviewed by: Jessica Cordiero-Martinez, Finance Manager II
Approved by: Shawne E. Ellerbee, Assistant Director of Public Works, Facilities, & Parks
Approved by: Randy Ishii, MS, PE, PTOE, Director of Public Works, Facilities, & Parks
Attachments:
Attachment A-06/23/20 Board Resolution No. 20-215
Attachment B-Draft Resolution
(Attachments are on file with the Clerk of the Board)