COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Proposed FY 2006 Budget Amendment

 

SUBJECT/PROPOSAL/REQUEST:

Public Hearing on the Proposed FY 2006 Budget Amendment in the amount of $2,892,191.95 and request approval of amendment and of Appropriations #2006057, #2006058, #2006059, #2006060, #2006061, #2006062, and #2006063 provide funding for various General Government, School, and Capital programs.

 

STAFF CONTACT(S):

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

 

LEGAL REVIEW:   Yes

 

 

AGENDA DATE:

April 5, 2006 

 

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 2006 Budget Amendment totals $2,892,191.95. The estimated expenses and revenues included in the proposed amendment are shown below:

 

            ESTIMATED EXPENDITURES

                  General Fund                                                                        $              20,665.00

                  Education Fund                                                                    $            242,880.70

                  Education Programs/Grants                                                   $              69,441.54

                  Capital Improvements Fund                                                    $          2,559,204.71

 

                  TOTAL ESTIMATED EXPENDITURES – All Funds                $          2,892,191.95

 

            ESTIMATED REVENUES

                  Local Revenues                                                                     $               60,383.50 

                  State Revenues                                                                    $                 6,960.96

                  Federal Revenues                                                                 $               26,941.54

                  General Fund Balance                                                           $         2,571,613.75   

                  Other Fund Balance                                                               $            226,292.20

 

                  TOTAL ESTIMATED REVENUES – All Funds                         $          2,892,191.95

 

The budget amendment is comprised of seven (7) separate appropriations as follows:

 

·         Three (3) appropriations (#2006057, #2006058, and #2006062) totaling $312,992.24 for various education programs;

·         One (1) appropriation (#2006059) in the amount of $6,365.00 for additional funding for the State & Local Hospitalization Program;

·         One (1) appropriation (#2006060) totaling $2,558,534.71, transferring FY05 revenue surplus and expenditure savings to CIP;

·         One (1) appropriation (#2006061) providing $13,675.00 in local match funding for LiveScan equipment for the Sheriff’s Office; and

·         One (1) appropriation (#2006063) totaling $625.00 for a donation to recognize and reward our fire and rescue volunteers.

 

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

 

 

RECOMMENDATIONS:

Staff recommends approval of the FY 2006 Budget Amendment in the amount of $2,892,191.95 after the public hearing, and then approval of Appropriations #2006057, #2006058, #2006059, #2006060, #2006061, #2006062, and #2006063  to provide funds for various General Government, School, and Capital Improvement programs as described in Attachment A.

 

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