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File #: 13-0639    Version: 1
Type: Agenda Item Status: Approved
File created: 5/24/2013 In control: Board of Supervisors
On agenda: 6/4/2013 Final action: 6/4/2013
Title: Community Development Agency, Administration and Finance Division, recommending the Board authorize the Chair to sign a Budget Transfer adjusting various program budgets for Fiscal Year 2012-2013 based on projected year end actuals and to close a fund that is no longer active. (4/5 vote required) FUNDING: Local Transportation Funds-TDA, Tribe Agreement Funds, TIM Fee Funds, Prop 1B Funds, Placerville Airport Fund Balance and Interest Earnings.
Attachments: 1. A - Budget Transfer 6-4-13, 2. B - Summary for Board 6-4-13
Title
Community Development Agency, Administration and Finance Division, recommending the Board authorize the Chair to sign a Budget Transfer adjusting various program budgets for Fiscal Year 2012-2013 based on projected year end actuals and to close a fund that is no longer active. (4/5 vote required)

FUNDING: Local Transportation Funds-TDA, Tribe Agreement Funds, TIM Fee Funds, Prop 1B Funds, Placerville Airport Fund Balance and Interest Earnings.
Body
BUDGET SUMMARY:
Total Estimated Cost…………… $427,366

Budgeted…………………………
New Funding……………………. $427,366
Savings…………………………
Other……………………………
Total Funding Available………… $427,366

Change To Net County Cost…… $ 0

Fiscal Impact/Change to Net County Cost
No change to Net County Cost. Additional new funding is provided by the Local Transportation Fund-TDA Fund, Tribe Agreement Funds, Prop 1B Funds, Interest Earnings and the Placerville Airport Fund Balance.

Background

El Dorado Trail: East Extension: In 1998, the County received $87,000 of Transportation Development Act (TDA) Article 3 funds for the El Dorado Trail, which ultimately were not all expended in the completion of the project. This budget transfer accommodates the return of $38,757 in unexpended funds and accrued interest back to the El Dorado County Transportation Commission Transportation Development Act Investment Trust Fund held by the County where it will be available for reallocation by the Commission. The El Dorado Trail: East Extension will be closed after the funds are returned.

2004GP Traffic Impact Mitigation Fee Revenue: In TIM Zones 1-7 new housing starts continue to remain lower than projected in the FY2012-13 budget and this budget transfer reduces the overall revenue in the 2004GP TIM fee account by $212,852, with a reduction in Appropriation for Contingencies of $100,000 and Designations of Fund Balance for $112,852.

CIP: HOV Phase 3 Project: Caltrans advised the Agency of a pending invoice in the amount of $590,1...

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