Title
Chief Administrative Office recommending the Board approve a budget transfer increasing use of fund balance by $33,728.97, moving $40,000 in Accumulative Capital Outlay revenue from Facilities Capital Projects to Parks projects, decreasing General Fund contingency by $110,000 and increasing the Parks budget by $183,728.97 for parks projects approved on November 1, 2011. (4/5 vote required) (Refer 11/1/11, Item 20)
FUNDING: Accumulative Capital Outlay Fund ($40,000), General Fund Contingency ($110,000), Henningson Lotus Park Fees ($25,000), Quimby Fees ($4,007), CSA No. 3 Park Administration Fees ($3,267), CSA No. 9 Pollock Pines/Camino Rec ($1,454).
Body
BUDGET SUMMARY: |
|
|
Total Estimated Cost |
|
$183,728.97 |
|
|
|
Funding |
|
|
Budgeted |
$40,000 |
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New Funding |
$33,728.97 |
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Savings |
$ |
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Other - GF Contingency |
$110,000 |
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Total Funding Available |
$ |
|
Change To Net County Cost |
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$110,000 |
Fiscal Impact/Change to Net County Cost: The budget transfer increases use of fund balance in the Henningson Lotus Park Special Revenue Fund by $25,000, increases use of fund balance in the CSA #3 Park Administration account by $3,267.21, increases us of fund balance in the Quimby Tahoe account by $461.76, increases use of fund balance in the Quimby Pollock Pines/Camino account by $3,545,65, increase the use of fund balance in the CSA #9 Pollock Pines/Camino Rec account by $1,454.35, decreases General Fund contingency by $110,000, shifts funding and appropriations of $40,000 from the Facilities Capital Projects budget to the Parks budget, and increases appropriations in the Parks budget by $183,728.97.
Background:
On November 1, 2011, the Board of Supervisors approved six additional parks projects the following projects:
Project Amount Recommended Funding Source
Bass Lake Park $15,000 ACO funds from Countywide Special Projects out of Facility budget
Henningson Lotus Park $50,000 $25,000 in ACO funds from Countywide Parking Lot Improvements out of Facility budget and $25,000 in fund balance from the HLP special revenue fund
South Lake Tahoe Playground $3,729 CSA #3 Park Administration funds and Quimby Tahoe funds
Parks & Recreation Master Plan East Slope $50,000 General Fund Contingency
Chili Bar Masterplan $60,000 General Fund Contingency
Pollock Pines/Camino Park $5,000 Quimby funds and CSA #9 Pollock Pines/Camino funds
This agenda item brings forward the budget transfer appropriating these funds to allow staff to move forward with these projects.
Action to be taken following Board approval:
Auditor-Controller will process budget transfer and staff will begin working on projects noted above.
Contact: Vickie Sanders 621-7538