AGENDA DATE: 6/3/2020
TITLE:
Title
FY 21 Resolution of Appropriations
BODY
SUBJECT/PROPOSAL/REQUEST: Approval of the Resolution of Appropriations for the Albemarle County Operating and Capital Budgets for FY 21
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Kamptner, Allshouse, L., Bowman, Vinzant, Mitchell
PRESENTER (S): Lori Allshouse
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: The Board of Supervisors adopted the County's FY 21 Operating and Capital budgets totaling $396,971,885 during the May 14, 2020 Board meeting. At the Board's June 3, 2020 meeting, staff will ask the Board to consider the following items:
1) Adoption of Annual Resolution of Appropriations: To provide the authority from the Board to spend these funds, the Board's adoption of an Annual Resolution of Appropriations for the fiscal year ending on June 30, 2021 is required.
Per the May 14 Board meeting, prior to the Board's adoption of the Annual Resolution of Appropriations, staff will provide additional information and analysis on Jaunt's request for $60,536 in bus driver compensation for the Board's consideration.
The Board will have the option of adopting the Resolution of Appropriations included in Attachment A or alternatively, the Resolution of Appropriations included in Attachment B. Attachment B is the same as Attachment A, however, it includes an increase of $60,536 to support requested driver salary increases for Jaunt provided from the Reserves for Contingencies.
2) Adoption of Resolution of Official Intent to Reimburse Expenditures with Proceeds of a Borrowing: In addition, the Board's adoption 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 throu...
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