AGENDA DATE: May 4, 2016
TITLE: FY17 Resolution of Appropriations
BODY
SUBJECT/PROPOSAL/REQUEST: Approval of the Resolution of Appropriations for the Albemarle County Operating and Capital Budgets for FY17
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 Board of Supervisors adopted the County's FY17 Operating and Capital Budgets totaling $375,574,669 on April 13, 2016. The School Board adopted the School Fund and the School Self-Sustaining Fund budgets on April 14, 2016.
To provide the authority from the Board to spend these funds, an Annual Resolution of Appropriations for the fiscal year ending on June 30, 2017 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 projects.
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:
This Executive Summary includes two attachments.
Attachment A: The Annual Resolution of Appropriations: 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. The Annual Resolution also includes the following:
Budget Amendment: The attached FY17 Annual Resolution of Appropriations includes an amendment to accommodate the School Board's April 14 adoption of its budget for the School Fund that was for $118,836 more than the School Fund Budget approved by the Bo...
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