Title
Community Development Agency, Administration and Finance Division, recommending the Board:
1) Approve and authorize the Chair to sign a Budget Transfer in the amount of $5,959,512, adjusting various program budgets for Fiscal Year 2016/17 to accommodate projected expenditures based on current projections, a standard annual process taken to accurately reflect adjustments noted during the mid fiscal year period; and
2) Approve the addition of a truck-mounted message board to the Fiscal Year 2016/17 Fixed Asset List for the Community Development Agency, Transportation Division. (4/5 vote required)
FUNDING: Various
Body
DEPARTMENT RECOMMENDATION
Community Development Agency (CDA), Administration and Finance Division, recommending the Board:
1) Approve and authorize the Chair to sign a Budget Transfer (Attachment A) in the amount of $5,959,512 adjusting various program budgets for Fiscal Year 2016/17 (FY16/17) to accommodate projected expenditures based on current projections, a standard annual process taken to accurately reflect adjustments noted during the mid fiscal year period; and
2) Approve the addition of a truck-mounted message board to the FY16/17 Fixed Asset List for the Community Development Agency, Transportation Division (Transportation).
DISCUSSION / BACKGROUND
CDA Budget Transfer
As each fiscal year unfolds, actual activity can vary from the budget proposed by the CDA Divisions for a variety of reasons, including increased workload volume, unanticipated changes in project timing, award of grant funding, and refinement in funds available following the close of the prior fiscal year’s accounting records. As standard practice, the CDA proposes the Board make adjustments to its budget to best align with projected actual activity.
Transportation Operations - Road Fund
Budgeted appropriations for "Fixed Assets: Equipment" need to be increased by $10,000 to purchase a truck-mounted message board used for centerline and edgeline striping opera...
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