Title
Environmental Management Department recommending the Board approve and authorize the Chair to sign a budget transfer for Fiscal Year 2023-24 increasing revenue and appropriations by $3,490 in the City of South Lake Tahoe Snow Removal special revenue fund to allow for the full payment of funds collected. (4/5 vote required)
FUNDING: Direct Charge Tax Revenue.
Body
DISCUSSION / BACKGROUND
Environmental Management collects tax revenue for snow removal in the City of South Lake Tahoe. The funds collected, including interest earned, are paid in full to the City of South Lake Tahoe. The funds collected were higher than anticipated and a budget transfer is necessary increasing appropriations to allow for full payment of the funds collected.
ALTERNATIVES
The Board could choose not to approve the budget transfer and the funds would need to be paid in Fiscal Year 2024-25.
PRIOR BOARD ACTION
N/A
OTHER DEPARTMENT / AGENCY INVOLVEMENT
N/A
CAO RECOMMENDATION / COMMENTS
Approve a recommended.
FINANCIAL IMPACT
There is no change to Net County Cost as a result of this item. The funds have been collected and this item will allow for the full payment of funds.
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 the Auditor-Controller for processing.
STRATEGIC PLAN COMPONENT
Priority: N/A
Action Item:N/A
CONTACT
Jeffrey Warren, REHS
Director
Environmental Management Department