Title
Vote on a request to approve the adoption of a Land Preservation Fund.
Abstract
Action Requested: Vote on a request to approve the adoption of a Land Preservation Fund budget.
Discussion & Analysis: Staff recommends creating a new fund to better track expenditures separately from all other general fund expenses.
The Land Preservation Fund budget will be created to track all costs associated with the land preservation program funds. The recommended budget for the Land Preservation Fund will be as follows:
|
Revenues |
|
|
Transfers In from General Fund |
$968,553 |
|
Expenditures |
|
|
Program Expenses |
$968,553 |
|
Total Increase |
$968,553 |
|
|
|
How does this relate to the Comprehensive Plan: N/A
Budgetary Impact: The Land Preservation fund budget will increase appropriated fund balance by $968,553 in the FY23 budget.
Recommendation: Motion to approve the adoption of a Land Preservation Fund budget.