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File #: 20-207    Version: 1 Name:
Type: Report Status: Consent Agenda (no vote)
File created: 10/25/2019 In control: Board of Supervisors
On agenda: 3/18/2020 Final action:
Title: Report on Cash Proffer Revenue and Expenditures July 2018-July 2019
Attachments: 1. Att. A - Cash Proffer Fund Activity for FY2019, 2. Att. B - All Cash Proffer Fund Activity
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AGENDA DATE: 3/18/2020

TITLE: Fiscal Year 2019 Cash Proffer Report
BODY

SUBJECT/PROPOSAL/REQUEST: Report on cash proffer revenue and expenditures July 2018-July 2019

ITEM TYPE: Consent Information Item

STAFF CONTACT(S): Walker, Letteri, Kamptner, Filardo, McCulley, Svoboda, Ragsdale, Allshouse L., and Bittle

PRESENTER (S): Rebecca Ragsdale

LEGAL REVIEW: Not Required

REVIEWED BY: Jeffrey B. Richardson

BACKGROUND: In 2007, the Board directed staff to provide a quarterly reports on the status of cash proffers. The last quarterly report was provided to the Board on April 5, 2017. With that report, proffer reporting was switched to a yearly basis. The last yearly proffer report was provided to the Board on January 16, 2019. This report includes cash proffer information for fiscal year 2019.

STRATEGIC PLAN: Mission: to enhance the well-being and quality of life of all citizens through the provision of the highest level of public service consistent with the prudent use of public funds.

DISCUSSION: Proffer Activity for Fiscal Year 2019
A. New Proffered Revenue: No rezonings were approved this fiscal year that increased expected total proffer revenue.
B. Total Proffered Revenue: Total estimated proffer revenue is $48,914,683.76.
C. Cash Revenue: The County received a total of $1,285,839.23 from existing cash proffers during fiscal year 2019. (Attachment A)
D. Appropriations: A total of $70,221.30 was appropriated during fiscal year 2019. (Attachment A)
E. Expenditures: A total of $746,908.58 was expended in fiscal year 2019. (Attachment A)

Current Available Funds: As of June 30, 2019, the available proffered cash on-hand is
$6,541,943.23 (including interest earnings on proffer revenue received). Of the available proffered cash on-hand, $1,740,812.36 (including interest earned) is currently appropriated (Attachment B). The net cash balance is $4,801,130.90 and may be used for future expenditures. Of the net remaining funds $1,072,845.59 is pr...

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