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File #: 23-347    Version: 1 Name:
Type: Resolution Status: Consent Agenda
File created: 7/7/2023 In control: Board of Supervisors
On agenda: 8/2/2023 Final action:
Title: Fiscal Year 2024 Appropriations and Official Intent to Reimburse Expenditures with Proceeds of a Borrowing
Attachments: 1. Att.A - Appropriation Descriptions, 2. Att.B - Appropriation Resolution, 3. Att.C - Borrowing Resolution
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AGENDA DATE: 8/2/2023

Fiscal Year 2024 Appropriations and Official Intent to Reimburse Expenditures with Proceeds of a Borrowing

SUBJECT/PROPOSAL/REQUEST: Resolution to approve appropriations for County government projects and programs and resolution of intent to reimburse expenditures with proceeds of a borrowing.

ITEM TYPE: Consent Action Item

STAFF CONTACT(S): Richardson, Rosenberg, Sumner, Bowman, Davidson, Unsworth, Gardner



REVIEWED BY: Jeffrey B. Richardson

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.

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

DISCUSSION: The total change to the Fiscal Year 2024 (FY 24) budget due to the appropriations itemized in Attachment A is $4,192,000. A budget amendment public hearing is not required because the amount of the cumulative appropriations does not exceed one percent of the currently adopted budget.

This request is also for the Board's approval of a Resolution of Intent to Reimburse Expenditures Related to Capital Projects with Proceeds of a Borrowing for these projects and is contingent on the Board's approval of Appropriation #2024004. The Resolution would allow the County to use up to $970,000 in borrowed proceeds to reimburse the capital budget for expenditures incurre...

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