Title
Vote on a request to approve Fiscal Year 2019-2020 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 2019-2020 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 2020.
The Sheriff’s budget is being increased by $38,243 to reflect additional youth services donations and SCAAP funds received.
The Emergency Management budget is being increased by $15,000 to reflect additional Duke Energy funds.
The Facilities’ budget is being increased by $37,762 to cover the repair of damages at 118 W Street with insurance claim reimbursements.
The Social Services’ budget is being increased by $21,095 to reflect additional funding authorizations for the Crisis Intervention and Low Income Energy programs.
The Non-Profits’ budget will be increased by $51,199 to cover Rural Operating Assistance Program funds passed through to Chatham Transit.
The County Manager’s budget is being increased by $15,641 to cover the purchase of office furniture and non-profit software with a transfer from contingency.
The MIS budget is being increased by $20,190 through a transfer from contingency to cover the purchase of fiber for Northwest Park.
The Council on Aging budget is being increased by $30,629 with a transfer from contingency to cover the Council on Aging allocation.
The Housing Trust Fund budget is being increased to include the approved $50,000 emergency housing funds budgeted in the general fund budget.
The Revaluation’s budget is being increased by $175,889 to cover current year expenses related to the Revaluation Appraisal Contract.
The Debt Reserve and Capital Reserve fund budgets are being increased to enable the reclassification of prior year appropriations. No additional or new funds are related to these amendments.
Budgetary Impact: The proposed amendments increase the General Fund by $163,299 and the Forfeited fund by $40,701. Transfers from general fund contingency total $66,460. The proposed amendments increase the Revaluation Fund by $175,889.
Recommendation: Motion to approve budget amendments as proposed by staff.