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File #: 17-378    Version: 1 Name:
Type: Resolution Status: Public Hearing
File created: 5/17/2017 In control: Board of Supervisors
On agenda: 6/7/2017 Final action:
Title: FY 2018 Appropriations and On-going Funding of Multi-Year Capital Projects
Attachments: 1. Att.A-Description, 2. Att.B-Multi-Year_Capital_Resolution, 3. Att.C-Resolution
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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AGENDA DATE:  6/7/2017

 

TITLE:

Title

FY 2018 Appropriations and On-going Funding of Multi-Year Capital Projects

BODY

 

SUBJECT/PROPOSAL/REQUEST:   Public Hearing on the Proposed FY 2018 Budget Amendment in the amount of $74,260,230.21, the Resolution to Appropriate FY 18 On-going Funding of Multi-Year Capital Projects #2018001, and the Resolution to approve Appropriation #2018002 for local government and school division projects and programs.

 

ITEM TYPE:  Regular Action Item

 

STAFF CONTACT(S):  Letteri, Walker, Kamptner, and Allshouse, L

 

PRESENTER (S):  Lori Allshouse

 

LEGAL REVIEW:   Yes

 

REVIEWED BY: Douglas C. Walker

 

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 2018 appropriations itemized below is $74,260,230.21. 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 2018 Budget Amendment totals $74,260,230.21. The estimated expenses and revenues included in the proposed amendment are shown below:

ESTIMATED REVENUES        
Local Revenue                                                               $                972,799.84
State Revenue                                                                               4,770,673.10
Federal Revenue                                                                              159,000.00  
Bond Proceeds                                                                              1,499,400.00
Other Fund Balances                                                                   66,858,357.27
TOTAL ESTIMATED REVENUES - All Funds               $           74,260,230.21

ESTIMATED EXPENDITURES        
Special Revenue Funds                                                                   694,785.82
Capital Improvements Funds                                                      73,565,444.39
TOTAL ESTIMATED EXPENDITURES - All Funds      $            74,260,230.21

The budget amendment is comprised of two (2) separate appropriations as follows:
• One (1) Appropriation (#2018001) to appropriate $104,096,502.21 for the County’s
On-Going Multi-Year Capital Projects for the remaining balance (net of transfers between CIP funds) of encumbered purchase orders and contracts and of the unencumbered special revenue projects and capital projects in a single resolution; and
• One (1) Appropriation (#2018002) to appropriate ($29,836,272.00) for various School Capital projects included in the FY 18-23 Recommended CIP which are primarily projects that needed to start in FY 17 and other projects supported by General Obligation Bond funding issued in FY 17.

 

RECOMMENDATION:

Recommendation

After the public hearing, staff recommends that the Board: 1) adopt the attached Resolution of On-Going Multi-Year Capital Projects Appropriation #2018001 (Attachment B); and 2) adopt the attached Appropriation Resolution (Attachment C) to approve Appropriation #2018002 for local government and school division projects and programs as described in Attachment A.

 

ATTACHMENTS: 
Attachment A - Appropriation Descriptions
Attachment B -
Resolution of On-Going Multi-Year Capital Project Appropriation
Attachment C - Appropriation Resolution