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 $2,115,736.94 and request approval of amendment and of Appropriations #2006064, #2006065, #2006066, #2006067, #2006068, #2006069, and #2006070 to 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:

May 3, 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 $2,115,736.94. The estimated expenses and revenues included in the proposed amendment are shown below:

 

ESTIMATED EXPENDITURES

                  General Fund                                                                        $              57,550.00

                  Special Revenue Funds                                                          $              41,454.94

                  Education Fund                                                                    $                1,500.00    

                  Capital Improvements Fund                                                    $          2,015,232.00

 

                  TOTAL ESTIMATED EXPENDITURES All Funds                $          2,115,736.94

 

            ESTIMATED REVENUES

                  Local Revenues                                                                     $               22,459.94 

                  State Revenues                                                                    $               27,495.00

                  General Fund Balance                                                           $              50,550.00   

                  Other Fund Balance                                                               $         2,015,232.00

 

                  TOTAL ESTIMATED REVENUES All Funds                         $          2,115,736.94

 

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

 

         One (1) appropriation (#2006064) for $7,000.00 to assist with Police overtime at Foxfield;

         One (1) appropriation (#2006065) in the amount of $41,454.94 for a Fire Rescue grant to purchase Life Paks;

         Two (2) appropriations (#2006066 and #2006068) totaling $2,015,232.00 for additional funding for two CIP projects;

         One (1) appropriation (#2006067) totaling $1,500.00 for an education donation;

         One (1) appropriation (#2006069) in the amount of $30,550.00 to fund the Democratic Primary for the United States Senate; and

         One (1) appropriation (#2006070) providing $20,000 in emergency vehicle repair funds to Earlysville Volunteer Fire Company.

 

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 $2,115,736.94 after the public hearing, and then approval of Appropriations #2006064, #2006065, #2006066, #2006067, #2006068,  #2006069, and #2006070  to provide funds for various General Government, School, and Capital Improvement programs as described in Attachment A.

 

ATTACHMENTS:

A List of requested appropriations

Return to regular agenda