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Community Development Agency, Administration and Finance Division, recommending the Board authorize the Chair to sign a Budget Transfer in the amount of $2,158,808 reducing the budget for two County-wide special revenue funds (Fund Type 20) and increasing the same budget in corresponding new index codes recently established by the Chief Administrative Office, and correcting a previously incorrect transfer of budgeted amounts. (4/5 vote required)
FUNDING: N/A
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DEPARTMENT RECOMMENDATION
Community Development Agency (CDA), Administration and Finance Division, recommending the Board authorize the Chair to sign a Budget Transfer reducing the budget for two (2) County-wide special revenue funds (Fund Type 20) and increasing the same budget in corresponding new index codes recently established by the Chief Administrative Office (CAO), and correcting a previously incorrect transfer of budgeted amounts. (4/5 vote required)
DISCUSSION / BACKGROUND
On June 28, 2016 (Item 10), the Board approved the CAO's recommendation which authorized the posting of a Budget Transfer to smooth the transition from FAMIS to FENIX by revising multiple special revenue fund index codes so they can be aligned with the organization structure which will exist in FENIX. The amounts on the budget transfer were based on the budgeted appropriations and revenues in FAMIS at the time the agenda item was drafted.
On June 14, 2016 (Item 25), the Board approved a mid-year adjustment Budget Transfer for CDA which had entries that affected two (2) of the special revenue funds which were to be realigned with FENIX. This Budget Transfer was posted on June 22, 2016, and because of timing these amounts were not included in the transfer presented by the CAO.
The Budget Transfer included with this current agenda item continues and completes the direction of the CAO's June 28 transfer recommendation and moves the remaining budgeted appropriations and revenues from the existing index codes to the ...
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