Title
Department of Transportation requesting the Board approve and authorize the Chair to sign a budget transfer increasing appropriations by $25,000 for Operating Transfers from the Bass Lake Hills Specific Plan Public Facilities Financing Plan Administration Fund to allow for the full reimbursement of staff time. (4/5 vote required)
FUNDING: Permit Fees.
Body
DISCUSSION / BACKGROUND
The fees collected under the Bass Lake Hills Specific Plan Public Facilities Financing Plan (BLHSP PFFP) include a 4% administration fee to cover the staff costs of maintaining the fee program. This administration portion covers annual updates based upon the inflationary index, major updates as required by the Mitigation Fee Act and project changes within the plan area, and review of reimbursement materials.
Increased staff time has been logged during FY25/26 due to the review of reimbursement binders for projects constructed under the BLHSP PFFP which are subject to approved reimbursement agreements. Sufficient funds exist in the fund to cover the time spent on the review of developer-submitted materials, but a budget transfer must be executed to establish sufficient appropriations in the current fiscal year.
ALTERNATIVES
The Board could choose not to approve the requested transfer, and the Road Fund would not be fully reimbursed for work completed in support of developer projects.
PRIOR BOARD ACTION
N/A
OTHER DEPARTMENT / AGENCY INVOLVEMENT
N/A
CAO RECOMMENDATION / COMMENTS
Approve as recommended.
FINANCIAL IMPACT
This budget transfer will increase operating transfers by $25,000 and decrease contingency by the same amount in the special revenue fund for the administration of the BLHSP PFFP. This will allow for the full reimbursement to the Road Fund for staff time spent administering this program.
CLERK OF THE BOARD FOLLOW UP ACTIONS
The Clerk of the Board will obtain the Chair’s signature on the original budget transfer and will forward the budget transfer to...
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