COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

FY 2006/2007 Resolution of Appropriations

 

SUBJECT/PROPOSAL/REQUEST:

Request Approval of the Resolution of Appropriations for the Albemarle County Operating and Capital Budgets for FY 2006/2007

 

STAFF CONTACT(S):

Tucker, White, Davis, Breeden

 

LEGAL REVIEW:   Yes

 

AGENDA DATE:

June 7, 2006

 

ACTION:                               INFORMATION:   

 

CONSENT AGENDA:

  ACTION:    X                      INFORMATION:   

 

ATTACHMENTS:     Yes

 

 

REVIEWED BY:

 

 

 

BACKGROUND:

The Countyís FY 2006/2007 Operating and Capital Budgets were adopted by the Board of Supervisors on April 12, 2006, for a total estimated amount of $298,633,884. The attached Annual Resolution of Appropriations for the Fiscal Year ending on June 30, 2007 provides the authority from the Board of Supervisors for the County to spend those funds, effective July 1, 2006.  In addition, the Emergency Communications Centerís budget was approved by the Emergency Communications Center Management Board for a total estimated amount of $4,087,741. The Annual Resolution of Appropriations provides authority from the Board of Supervisors for those funds to be expended by the Emergency Communications Center.

 

 

STRATEGIC PLAN:

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

 

 

DISCUSSION:

This Resolution is a comprehensive Resolution which appropriates the total County budget, including both operating and capital funds in a single resolution, and includes many of the initial Special Revenue Fund appropriations. It also includes the Emergency Communications Center, which is a joint operation between the County, the City of Charlottesville, and the University of Virginia.

 

Since April, adjustments have been made to the Countyís adopted budget numbers as updated information became available. These adjustments have resulted in a revised net total appropriation amount for the County in this resolution of $298,633,882, a decrease of $169,452. The change is due to adjustments in the School Fund.

 

General Fund                                                                                                                                     $200,572,808

The General Fund increases by $669,223 over the amount adopted in April. This is due to moving the Family Support budget from Special Revenue Funds into the General Fund. The total Family Support budget is $873,633. Of this amount, $204, 410 was already included in the General Fund as a transfer.

 

School Fund                                                                                                                                       $141,563,425

The School Fund decreases by $169,452 due to revised estimates of revenues from the Commonwealth of Virginia.

 

School Self-Sustaining Funds                                                                                                              $14,830,310

There are no changes to the School Self-Sustaining Fund budgets adopted in April.

 

Special Revenue Funds                                                                                                                       $15,757,070

Special Revenue Funds decrease by $873,633 due to budgeting Family Support in the General Fund.

 

General Government Capital Improvements Fund                                                                              $25,009,175

There are no changes to the General Government Capital Improvements Fund budget adopted in April.

 

 

School Division Capital Improvements Fund                                                                                       $13,375,000

There are no changes to the School Division Capital Improvements Fund budget adopted in April.

 

Stormwater Capital Improvements Fund                                                                                                  $650,000

There are no changes to the Stormwater Capital Improvements Fund budget adopted in April.

 

Debt Service Fund                                                                                                                               $13,787,000

There are no changes to the Debt Service Fund budget adopted in April.

 

 

RECOMMENDATIONS:

Staff recommends approval of the attached Annual Resolution of Appropriations for FY 2006/2007 that allocates a total of $298,633,882 to the various General Government and School Division operating, capital improvement, and debt service accounts for expenditure in FY 2006/2007 and that allocates $4,087,741 to the Emergency Communications Center for expenditure in FY 2006/2007. Also recommended for approval is the attached Resolution of Official Intent to Reimburse Expenditures with Proceeds of a Borrowing.

 

 

ATTACHMENTS

Annual Resolution of Appropriations of the County of Albemarle

Resolution of Official Intent to Reimburse Expenditures with Proceeds of a Borrowing

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