COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Proposed FY 2005 Budget Amendment

 

SUBJECT/PROPOSAL/REQUEST:

Public Hearing on the Proposed FY 2005 Budget Amendment in the amount of $3,783,253.56 and request approval of amendment and of Appropriations #2005046, #2005047, #2005049, #2005050, and #2005051 to provide funding for various General Government, School, and Capital Programs.

 

STAFF CONTACT(S):

Messrs. Tucker, Breeden, Wiggans; Ms. White

 

LEGAL REVIEW:   Yes

 

AGENDA DATE:

April 6, 2005

 

ACTION:     X                        INFORMATION:   

 

CONSENT AGENDA:

  ACTION:                             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 Fund, E-911, School Self-Sustaining, etc.

 

 

STRATEGIC PLAN:

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

 

 

DISCUSSION:

The proposed increase of this FY 2005 Budget Amendment totals $3,783,253.56. The estimated expenses and revenues included in the proposed amendment are shown below:

 

            ESTIMATED EXPENDITURES

                  Local Government Programs/Grants                                       $         142,754.26

                  Education Fund                                                                    $         175,656.08

                  Education Programs/Grants                                                   $         290,517.52

                  ECC                                                                                    $         28,500.00

                  Capital Improvement Program                                                 $         3,145,825.70

 

                  TOTAL ESTIMATED EXPENDITURES All Funds                  $   3,783,253.56

 

            ESTIMATED REVENUES

                  Local Revenues                                                                    $         141,053.81

                  State Revenues                                                                    $         10,638.00

                  Federal Revenues                                                                 $         189,272.79

                  Other Fund Balance                                                              $         3,442,288.96

 

                  TOTAL ESTIMATED REVENUES All Funds                         $   3,783,253.56

 

The budget amendment is comprised of twelve (12) separate appropriations, seven (7) of which have already been approved by the Board as indicated below:

 

            Approved January 5, 2005:

 

         One (1) appropriation (#2005039) in the amount of $117,089.90 for various education programs and donations.

 

            Approved February 2, 2005:

         One (1) appropriation (#2005040) in the amount of $54,288.54 for various education programs and donations;

         One (1) appropriation (#2005041) in the amount of $100,774.00 to transfer funds from the Glenmore proffer to the school CIP; and

         One (1) appropriation (#2005042) in the amount of $28,500.00 for a vehicle for ECC operations.

 

            Approved March 2, 2005:

         One (1) appropriation (#2005043) in the amount of $124,735.86 for various education programs and donations;

         One (1) appropriation (#2005044) distributes $101,901.00 from the General Fund salary contingency to various departments who had reclassifications during FY 2005; and

         One (1) appropriation (#2005045) in the amount of $45,000.00 for completion of the HVAC project at the Health Department.

 

The five (5) new appropriations are as follows:

         One (1) appropriation (#2005046) in the amount of $280,754.26 for the Domestic Preparedness Equipment Grant;

         One (1) appropriation (#2005047) in the amount of $16,111.00 for various education programs and donations;

         One (1) appropriation (#2005049) in the amount of $16,000.00 for the ECC CERT Grant;

         One (1) appropriation (#2005050) in the amount of $3,000,000.00 to transfer the FY 04 General Fund surplus  to the CIP; and

         One (1) appropriation (#2005051) in the amount of $255,000.00 to transfer additional funds from Bright Stars and the schools to the Family Support program.

 

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

 

 

RECOMMENDATIONS:

Staff recommends approval of the FY 2005 Budget Amendment in the amount of $3,783,253.56 after the public hearing, and then approval of Appropriations #2005046, #2005047, #2005049, #2005050, and #2005051 to provide funds for various General Government, School, and Capital programs as described in Attachment A.

 

View Attachment A

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