Title
Vote on a request to approve Fiscal Year 2021-2022 Budget Amendments
Abstract
Action Requested: Vote on a request to approve budget amendments as proposed by staff
Introduction & Background: During the fiscal year, the budget must be amended as changing conditions warrant. The fiscal year 2021-2022 budget ordinance authorizes the County Manager to transfer funds within a department without limitation. The Manager may also transfer amounts of up to $5,000 between departments of the same fund and transfer amounts up to $50,000 from contingency with a memorandum report of such transfers to the Board. The Board must approve all other transfers.
Discussion & Analysis: The attached proposed amendments must be approved by the Board of Commissioners for fiscal year 2022.
The General Fund is being increased by $10,104,381 to cover the recording of the 2021 refunding and new bond issuance debt.
Budgetary Impact: The proposed amendments increase the General Fund by $10,104,381.
Recommendation: Motion to approve budget amendments as proposed by staff.