COUNTY OF ALBEMARLE
Requested FY 2007 Appropriations
Request approval of Appropriation #2007077 totaling $113,000.00 for additional funding for the sallyport project
Messrs. Tucker, Foley, Breeden, Wiggans
LEGAL REVIEW: No
May 9, 2007
ACTION: X INFORMATION:
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 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 Funds, E911, School Self-Sustaining, etc.
The total of this requested FY 2007 appropriation is $113,000.00. It is anticipated that a budget amendment public hearing will be proposed at a subsequent Board meeting and this appropriation would be incorporated into it.
Goal 5. Develop a comprehensive funding strategy/plan to address the County’s growing needs.
This request involves the approval of one (1) new FY 2007 appropriation as follows:
· One (1) appropriation totaling $113,000.00 in additional funds for the sallyport project.
A detailed description of this appropriation is provided on Attachment A.
Staff recommends approval of the FY 2007 Appropriation #2007077.
A - Proposed AppropriationReturn to regular agenda