AGENDA DATE: 7/5/2017
TITLE:
Title
FY 2018 Budget Amendment and Appropriations
BODY
SUBJECT/PROPOSAL/REQUEST: Public Hearing on the Proposed FY 2018 Budget Amendment in the Amount of $14,500,701.25 and the Resolution to approve Appropriations #2018003, #2018004, #2018005, #2018006, #2018007, and #2018008 for local government projects and programs.
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Walker, Letteri, 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 $14,500,701.25. 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 $14,500,701.25. The estimated expenses and revenues included in the proposed amendment are shown below:
ESTIMATED EXPENDITURES
General Fund $ 25,000.00
Special Revenue Funds $ 915,289.09
ECC Funds $ 11,532,515.16
Capital Improvement Funds $ 2,027,897.00
TOTAL ESTIMATED EXPENDITURES - All Funds $ 14,500,701.25
ESTIMATED REVENUES
Local Revenue $ 10,698,786.49
State Revenue $ 2,035,897.00
Federal Revenue $ 925,289.09
Bond Proceeds $ (-306,000.00)
General Fund Balance $ 25,000.00
Other Fund Balances $ 1,121,728.67
TOTAL ESTIMATED REVENUES - All Funds $ 14,500,701.25
The budget amendment is comprised of six (6) separate appropriations as follows:
• One (1) Appropriation (#2018003) to re-appropriate $2,033,897.00 in State revenue for sidewalk projects;
• One (1) Appropriation (#2018004) to appropriate and re-appropriate $22,457,561.88 in projects and related funding for the Emergency Communications Center for various projects. A portion of this re-appropriation, totaling $10,925,046.72, does not increase the total County budget for a net increase to the total County budget of $11,532,515.16;
• One (1) Re-appropriation (#2018005) to re-appropriate $33,420.00 in federal grant funds for the Police Department to complete the awarded grants;
• One (1) Re-appropriation (#2018006) to re-appropriate $881,869.09 for the Community Development Block Grant (CDBG);
• One (1) Appropriation (#2018007) to re-appropriate $25,000.00 to the County Attorney’s Office for Strategic Plan Priority support; and
• One (1) Appropriation (#2018008) to appropriate -$6,000.00 in cost of issuance and appropriate $300,000.00 to the capital Water Resources Infrastructure Program from current capital projects.
RECOMMENDATION:
Recommendation
After the public hearing, staff recommends that the Board adopt the attached Resolution (Attachment B) to approve the appropriations and amend the budget.
ATTACHMENTS:
Attachment A - Appropriation Descriptions
Attachment B - Appropriation Resolution