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 $22,088,773.88 and request approval of Budget Amendment and Appropriations #2010025, #2010026, #2010027, #2010028, #2010029, #2010030, #2010031, #2010032, #2010033, #2010034, #2010035, and #2010036 to provide funding for various local government, school, and capital programs.

 

 

STAFF CONTACT(S):

Messrs. Tucker, Foley, Davis, Wiggans, and Letteri

 

LEGAL REVIEW:   Yes

 

AGENDA DATE:

October 7, 2009

 

ACTION:     X          INFORMATION:   

 

CONSENT AGENDA:

  ACTION:              INFORMATION:   

 

 

ATTACHMENTS:   Yes

 

 

REVIEWED BY:

 

 

 

BACKGROUND:

Virginia Code § 15.2-2507 provides 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 $22,088,773.88.  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 $22,088,773.88. The estimated expenses and revenues included in the proposed amendment are shown below:

                                                                                                                                            

ESTIMATED EXPENDITURES

                 General Fund                                                                                                $      969,155.03

                 Special Revenue Funds                                                                                  $      802,423.20

                 School Funds                                                                                                $        10,000.00

                 School Program Funds                                                                                  $        28,354.81

                 Emergency Communication Center Funds                                                       $        84,000.00

                 Capital Improvements Funds                                                                           $  19,299,803.52

                 Storm Water Fund                                                                                         $      895,037.32           

                                                                                                             

                 TOTAL ESTIMATED EXPENDITURES – All Funds                                         $  22,088,773.88

 

ESTIMATED REVENUES

                 Local Revenues (Fees, Contributions, Donations)                                             $        11,327.00

                 State Revenue                                                                                               $        50,834.95

                 Federal Revenue                                                                                            $      641,633.59

                 Loan Proceeds                                                                                              $  11,243,278.54

                 General Fund Balance                                                                                   $      968,453.03

                 Other Fund Balances                                                                                     $    9,173,246.77

 

                 TOTAL ESTIMATED REVENUES – All Funds                                                 $  22,088,773.88

 

The budget amendment is comprised of twelve (12) separate appropriations as follows:

·         Two (2) appropriations (#2010025 and #2010034) totaling $38,979.81 for various education programs and grants;

·         One (1) appropriation (#2010026) totaling $371,623.20, reappropriating grant and seized asset funds;

·         One (1) appropriation (#2010027) totaling $84,000.00, reappropriating ECC projects;

·         One (1) appropriation (#2010028) totaling $702,743.42 reappropriating uncompleted local government projects from FY09;

·         One (1) appropriation (#2010029) totaling $16,000.00 from the Board’s contingency to adjust the overtime budget for fire/rescue;

·         One (1) appropriation (#2010030) totaling $14,080,067.81, reappropriating general government capital projects;

·         One (1) appropriation (#2010031) totaling $5,219,110.71, reappropriating school capital projects;

·         One (1) appropriation (#2010032) totaling $895,037.32, reappropriating storm water capital projects;

·         One (1) appropriation (#2010033) totaling $266,411.61, reappropriating outstanding purchase orders from FY09;

·         One (1) appropriation (#2010035) moving $3,000.00 from the Board’s contingency to General Services for enforcement of the Uncontrolled Vegetation Ordinance; and

·         One (1) appropriation (#2010036) to distribute $430,800.00 from the Crozet Crossing Trust Fund to Crozet Meadows and Treesdale Park.

 

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 $22,088,773.88 after the public hearing, and then approval of Appropriations #2010025, #2010026, #2010027, #2010028, #2010029, #2010030, #2010031, #2010032, #2010033, #2010034, #2010035, and #2010036 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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