COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Requested 2005 Appropriations

 

SUBJECT/PROPOSAL/REQUEST:

Request approval of Appropriations #2005040, #2005041, and #2005042 providing funds for various School and ECC operating and capital projects

 

STAFF CONTACT(S):

Messrs. Tucker, Davis, Breeden, Wiggans; Ms. White

 

LEGAL REVIEW:   Yes

 

AGENDA DATE:

February 2, 2005

 

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 that exceeds one percent of the total expenditures shown in the currently adopted budget or the sum of $500,000, which ever 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 this requested additional FY 2005 appropriation is $183,562.54. This amount, when combined with the FY 2005 appropriation approved in January of $117,089.90, brings the total new FY 2005 appropriations to $300,652.44. It is anticipated that these appropriations will be incorporated into the next budget amendment, possibly in March.

 

 

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 three (3) new FY 2005 appropriation as follows:

 

         One (1) appropriation (#2005040) provides $54,288.54 for various education programs and donations;

         One (1) appropriation (#2005041) provides a transfer of $100,774.00 from the Glenmore proffer to the school CIP for Stone Robinson Elementary; and

         One (1) appropriation (#2005042) provides $28,500.00 to fund a vehicle for ECC operations.

 

A detailed description of this appropriation is provided on Attachment A.

 

 

RECOMMENDATIONS:

Staff recommends approval of the FY 2005 Appropriations #2005040, #2005041, and #2005042.

 

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