AGENDA DATE: June 3, 2015
TITLE:
FY 16 Resolution of Appropriations
BODY
SUBJECT/PROPOSAL/REQUEST: Approval of the Resolution of Appropriations for the Albemarle County Operating and Capital Budgets for FY 16
ITEM TYPE: Action
STAFF CONTACT(S): Foley, Letteri, Davis, and Allshouse, L.
PRESENTER (S): Lori Allshouse
LEGAL REVIEW: Yes
REVIEWED BY: Thomas C. Foley
BACKGROUND: The County's FY 16 Operating and Capital Budgets totaling $374,357,538 were approved by the Board of Supervisors on April 14, 2015 and adopted by the Board on May 6, 2015.
On April 23, 2015, the School Board adopted the School Fund and the School Self-Sustaining Fund budgets.
To provide the authority from the Board to spend these funds, an Annual Resolution of Appropriations for the fiscal year ending on June 30, 2016 is required. In addition, the Board's approval of a Resolution of Official Intent to Reimburse Expenditures with Proceeds of a Borrowing is required to provide the County with the authority to use bond proceeds to reimburse capital program expenditures for the specified project.
STRATEGIC PLAN: Mission: To enhance the well-being and quality of life for all citizens through the provision of the highest level of public service consistent with the prudent use of public funds.
DISCUSSION: The Annual Resolution of Appropriations is a comprehensive resolution that appropriates the total County budget, including both general government and school operating and capital funds, School Self-Sustaining Funds and Other General Government Fund appropriations in a single resolution. This resolution is included as Attachment A.
The attached FY 16 Annual Resolution of Appropriations includes an amendment as discussed with the Board of Supervisors on April 14 to accommodate the School Board's April 23 adoption of its budget for the School Fund that was for $389,906 more than the School Fund Budget originally approved by the Board of Supervis...
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