Title
Assessor recommending Budget Transfer decreasing revenues in the Assessor's Department Budget and decreasing General Fund appropriation for contingency by $250,000 in accordance with Board of Supervisors Policy B-1. (4/5 vote required)
Body
BUDGET SUMMARY: |
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|
Total Estimated Cost |
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$250,000 |
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|
|
Funding |
|
|
Budgeted |
$ |
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New Funding |
$ |
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Savings |
$ |
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Other |
$ |
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Total Funding Available |
$ |
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Change To Net County Cost |
|
$250,000 |
Fiscal Impact/Change to Net County Cost: The General Fund appropriation for contingency will be reduced by $250,000.
Reason for Recommendation:
Based on year end projections for the Assessor Department Budget, I am recommending the Board approve a budget transfer decreasing revenues for the Assessor by $250,000 with corresponding decrease in the General Fund appropriation for contingency of $250,000
Action to be taken following Board approval:
CAO to process budget transfer
Contact: Tim Holcomb