COUNTY OF ALBEMARLE
Proposed FY 2006 Budget Amendment
Public Hearing on the Proposed FY 2006 Budget Amendment in the amount of $1,453,929.61 and request approval of amendment and of Appropriation #2006094, #2006095, and #2006096 for various local government and school programs.
Messrs. Tucker, Davis, Breeden, Wiggans; Ms. White
LEGAL REVIEW: Yes
October 4, 2006
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 2006 Budget Amendment totals $1,453,929.61. The estimated expenses and revenues included in the proposed amendment are shown below:
General Fund $ 383,500.00
Special Revenue $ 503,494.35
School Operations Fund $ 3,910.00
Education Programs (Grants, Self-Sustaining) $ 416,806.43
Proffers $ 146,218.83
TOTAL ESTIMATED EXPENDITURES – All Funds $ 1,453,929.61
Local Revenues (Fees, Donations) $ 445,354.80
State Revenues $ 5,034.83
Federal Revenues $ 32,364.06
General Fund Balance $ 855,567.54
Other Fund Balances $ 115,608.38
TOTAL ESTIMATED REVENUES – All Funds $ 1,453,929.61
The budget amendment is comprised of three (3) separate appropriations as follows:
· One (1) appropriation (#2006094) totaling $3,910.00 for education donations;
· One (1) appropriation (#2006095) for general fund over expenditures in the amount of $383,500.00; and
· One (1) appropriation (#2006096) totaling $1,066,519.61 for over expenditures in grant and school funds.
A detailed description of this request is provided on Attachment A.
Staff recommends approval of the FY 2006 Budget Amendment in the amount of $1,453,929.61 after the public hearing, and then approval of Appropriation #2006094, #2006095, and #2006096 provide funds for various local government and school programs as described in Attachment A.
View Attachment A
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