Title
Facilities, a division of the Chief Administrative Office, recommending the Board approve and authorize the Chair to sign a budget transfer increasing appropriations in the Motherlode Quimby fund for the Pioneer Park Skatepark Pad Accumulative Capital Outlay project. (4/5 vote required)
FUNDING: Motherlode Quimby Funds.
Body
DISCUSSION / BACKGROUND
The County Fiscal Year 2023-24 Accumulative Capital Outlay (ACO) workplan was approved as part of the Fiscal Year 2023-24 Adopted Budget (Legistar Item 23-1771). One of the projects detailed on the ACO workplan is the Pioneer Park Skatepark Pad with funding for the total project costs of $48,747 split between the ACO fund and Quimby funds. Currently, there are $10,010 of funds available in the applicable Quimby Special Revenue Fund.
The Quimby Special Revenue Funds contains fee revenue collected upon the approval of parcel maps and must be used for the improvement of recreation facilities within the Quimby zone in which the fee was collected.
This budget amendment adds appropriations for a transfer from the Motherlode Quimby Fund to the ACO Fund for the Pioneer Park Skatepark Pad project by reducing contingency and increasing interest revenue.
ALTERNATIVES
The Board could choose not to approve the budget transfer.
PRIOR BOARD ACTION
Legistar Item 23-1771 - September 26, 2023 - Board approved and signed Resolution 146-2023 adopting the County Budget for Fiscal Year 2023-24, including the ACO Workplan detailing the use of Quimby funds.
OTHER DEPARTMENT / AGENCY INVOLVEMENT
Parks, a division of the Chief Administrative Office
Auditor-Controller’s Office
CAO RECOMMENDATION / COMMENTS
Approve as recommended.
FINANCIAL IMPACT
This budget transfer allows for the use of Quimby funds and decreases the use of ACO funds for this project. This request would not result in an impact to Net County Cost.
CLERK OF THE BOARD FOLLOW UP ACTIONS
Upon Board approval, obtain Board Chair signature on the attached Budget Transfer form and forward to the Auditor’s Office for final processing.
STRATEGIC PLAN COMPONENT
N/A
CONTACT
Laura Schwartz, Assistant Chief Administrative Officer