COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Requested 2005 Appropriations

 

SUBJECT/PROPOSAL/REQUEST:

Request approval of Appropriation #2005006, #2005007, #2005008, and #2005009 providing funds for various General Fund, School Fund, and Capital Improvement projects

 

STAFF CONTACT(S):

Messrs. Tucker, Breeden, Wiggans; Ms. White

 

LEGAL REVIEW:   Yes

 

AGENDA DATE:

August 4, 2004

 

ACTION:                               INFORMATION: 

 

CONSENT AGENDA:

  ACTION:      X                    INFORMATION: 

 

 

ATTACHMENTS:    Yes

 

 

REVIEWED BY:

 

 

BACKGROUND:

The Code of Virginia 15.2-2507 stipulates that any locality may amend its budget to adjust the aggregate amount to be appropriated during the current fiscal year as shown in the currently adopted budget. However, any such amendment which exceeds one percent of the total expenditures shown in the currently adopted budget or the sum of $500,000, whichever is lesser, must be accomplished by first publishing a notice of a meeting and holding a public hearing before amending the budget. The Code section applies to all County funds, i.e., General Fund, Capital Funds, E911, School Self-Sustaining, etc.

 

The total of these requested additional FY 2005 appropriations is $408,663.63. It is anticipated that a budget amendment will be proposed in September 2004 and these appropriations would be incorporated into it.

 

 

STRATEGIC PLAN:

4.2 Fund County services in a fair, efficient manner and provide needed public facilities and infrastructure.

 

 

DISCUSSION:

This request involves the approval of four (4) new FY 2005 appropriations as follows:

 

         One (1) appropriation (#2005006) provides for the transfer of $164,322.93 in Fund Balance from the Fire Loan Fund to the General CIP Fund Balance;

         One (1) appropriation (#2005007) allocating $19,340.70 in additional State Fire Program Funds for equipment purchases in the Fire Rescue Department;

         One (1) appropriation (#2005008) in the amount of $50,000.00 providing funding to bring Sunridge Road up to State standards; and

         One (1) appropriation (#2005009) in the amount of $175,000.00 providing funding for three firefighters/ALS.

 

A detailed description of these appropriations is provided on Attachment A.

 

 

RECOMMENDATIONS:

Staff recommends approval of the FY 2005 Appropriations #2005006, #2005007, #2005008, and #2005009.

 

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