AGENDA DATE: June 3, 2015
TITLE: FY 2015 Budget Amendment and Appropriations
SUBJECT/PROPOSAL/REQUEST:
Public Hearing on the Proposed FY 2015 Budget Amendment in the amount of $6,196,699.93 and approval of Budget Amendment and Appropriations #2015099, #2015100, #2015101, #2015102, #2015103, #2015104, and #2015105 for local government and school division programs and projects
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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:
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 cumulative total of the FY 2015 appropriations itemized below is $6,196,699.93. Because the cumulative amount of the appropriations exceeds one percent of the currently adopted budget, a budget amendment public hearing is required.
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 proposed increase of this FY 2015 Budget Amendment totals $6,196,699.93. The estimated expenses and revenues included in the proposed amendment are shown below:
ESTIMATED EXPENDITURES
General Fund $ 97,032.80
Special Revenue Funds $ 15,267.00
School Fund $ 1,066,221.36
School Special Revenue Funds $ 1,990,186.65
Capital Improvements Funds $ 3,027,992.12
TOTAL ESTIMATED EXPE...
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