COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

FY 2010 Budget Amendment

 

SUBJECT/PROPOSAL/REQUEST:

Public Hearing on the Proposed FY 2010 Budget Amendment in the amount of $3,229,119.30 and request approval of Appropriations #2010009, #2010010, #2010011, #2010012, #1010013, #2010014, #2010015, #2010016, and #2010017 to provide funding for various local government and school programs.

 

STAFF CONTACT(S):

Messrs. Tucker, Foley, Davis, Wiggans

 

LEGAL REVIEW:   Yes

 

AGENDA DATE:

August 5, 2009

 

ACTION:     X          INFORMATION:   

 

CONSENT AGENDA:

  ACTION:              INFORMATION:   

 

 

ATTACHMENTS:   Yes

 

 

REVIEWED BY:

 

 

 

BACKGROUND:

Virginia Code § 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; provided, 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.

 

The total of the new requested FY 2010 appropriations, itemized below, is $3,229,119.30.  Because the cumulative amount of the appropriations exceeds one percent of the currently adopted budget, a budget amendment public hearing is required. 

 

STRATEGIC PLAN:

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

 

DISCUSSION:

The proposed increase of this FY 2010 Budget Amendment totals $3,229,119.30.  The estimated expenses and revenues included in the proposed amendment are shown below:

                                                                                                                                                                                                                                                                                         

ESTIMATED EXPENDITURES

                  Special Revenue Funds                                                          $                   54,291.00

                  School Fund                                                                         $                 212,809.00

                  School Program Funds                                                          $              2,555,839.90

                  ECC                                                                                     $                 100,000.00

                  Commission on Children & Families                                        $                   31,381.00

                  Capital Projects                                                                     $                 274,798.40

                  TOTAL ESTIMATED EXPENDITURES – All Funds                $               3,229,119.30

 

ESTIMATED REVENUES

                  Local Revenues (Contributions, Other)                                     $                    6,536.00

                  State Revenue                                                                       $              2,459,701.00

                  Federal Revenue                                                                    $                 130,274.90

                  Other Fund Balances                                                             $                 632,607.40

                  TOTAL ESTIMATED REVENUES – All Funds                        $               3,229,119.30

 

The budget amendment is comprised of nine (9) new appropriations as follows:

·   One (1) appropriation (#2010009) providing $550.00 for a Police Department grant;

·   One (1) appropriation (#2010010) totaling $8,741.00 for the Circuit Court Clerk Preservation Grant;

·   One (1) appropriation (#2010011) to carry forward $274,798.40 in capital project funds for the Rte. 250/Westminster Canterbury sidewalk project;

·   One (1) appropriation (#2010012) totaling $100,000.00 for the ECC building security system;

·   Two (2) appropriations (#2010013 and #2010014) totaling $2,768,648.90 for Education donations/programs;

·   One (1) appropriation (#2010015) totaling $31,381.00 for miscellaneous grants for CCF;

·   One (1) appropriation (#2010016) totaling $18,462.00 for lighting upgrades at Greer Elementary School; and

·   One (1) appropriation (#2010017) totaling $45,000.00 to reimburse VDoT for all costs associated with the acquisition of right-of-way/construction easements for improvements to Route 29.

 

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

 

RECOMMENDATIONS:

Staff recommends approval of the FY 2010 Budget Amendment in the amount of $3,229,119.30 after the public hearing, and then approval of Appropriations #2010009, #2010010, #2010011, #2010012, #1010013, #2010014, #2010015, #2010016, and #2010017 to provide funds for various local government and school projects and programs as described in Attachment A.

 

ATTACHMENTS

Attachment A – Description of Appropriations

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