COUNTY OF ALBEMARLE
Proposed FY 2005 Budget Amendment
Public Hearing on the Proposed FY 2005 Budget Amendment in the amount of $1,974,025.39 and request approval of amendment and of Appropriations #2005060, #2005061, and #2005062, to provide funding for various School and General Government Programs.
Messrs. Tucker, Breeden, Wiggans; Ms. White
LEGAL REVIEW: No
July 6, 2005
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 current 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 Fund, E-911, School Self-Sustaining, etc.
4.2 Fund County services in a fair, efficient manner and provide needed public facilities infrastructure.
The proposed increase of this FY 2005 Budget Amendment totals $1,974,025.39. The estimated expenses and revenues included in the proposed amendment are shown below:
Education Fund $ 1,012,095.00
Education Programs/Grants $ 102,505.24
800 Mhz System $ 699,425.15
Capital Improvement Program $ 160,000.00
TOTAL ESTIMATED EXPENDITURES – All Funds $ 1,974,025.39
Local Revenues $ 881,520.15
State Revenues $ 77,500.00
Federal Revenues $ 4,990.00
School Fund Balances $ 1,010,015.24
TOTAL ESTIMATED REVENUES – All Funds $ 1,974,025.39
The budget amendment is comprised of four (4) separate appropriations, as indicated below:
Approved June 1, 2005:
· One (1) appropriation (#2005059) in the amount of $160,000.00 to fund a transportation study
The three new appropriations are as follows:
· Two (2) appropriations (#2005060, and #2005062) in the amounts of $1,112,505.24 and $2,095.00 respectively for various school programs and donations; and
· One (1) appropriation (#2005061) in the amount of $699,425.15 for the 800 MHz Program.
A detailed description of these requests is provided on Attachment A.
The budget impact is detailed in the Discussion and in Attachment A.
Staff recommends approval of the FY 2005 Budget Amendment in the amount of $1,974,025.39, after the public hearing, and then approval of Appropriations #2005060, #2005061, and #2005062, and to provide funds for various General Government and School programs as described in Attachment A.
View Attachment A
Return to regular agenda