COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Requested FY2008 Appropriations

 

SUBJECT/PROPOSAL/REQUEST:

Request approval of Appropriations #2008001, #2008002, #2008003, #2008004, and #2008005, totaling $678,810.00 for the various local government and school programs.

 

 

STAFF CONTACT(S):

Messrs. Tucker, Foley, Davis, Breeden, Wiggans

 

LEGAL REVIEW:   Yes

 

AGENDA DATE:

July 11, 2007

 

ACTION:                              INFORMATION: 

 

CONSENT AGENDA:

  ACTION:     X                    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 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 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.

 

In the past, Code of Virginia § 15.2-2507 required a budget amendment public hearing when the amendment exceeded one percent of the total expenditures shown in the currently adopted budget or the sum of $500,000, whichever is lesser.  Effective July 1, 2007, this code section was amended removing the “or the sum of $500,000 whichever is lesser” from  this requirement, therefore, a budget amendment public hearing will only be required after the cumulative appropriations exceed one percent of the currently adopted budget. 

 

The total of this requested FY 2008 appropriation is $678,810.00. A budget amendment public hearing will be required if future additional cumulative appropriations exceed one percent of the currently adopted budget.

 

STRATEGIC PLAN:

Goal 5.  Develop a comprehensive funding strategy/plan to address the County’s growing needs.

 

DISCUSSION:

This request involves the approval of five (5) new FY 2008 appropriations as follows:

 

 

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

 

RECOMMENDATIONS:

Staff recommends approval of the FY 2008 Appropriations #2008001, #2008002, #2008003, #2008004, and #2008005.

 

ATTACHMENTS

A – Proposed Appropriations

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