Title
Chief Administrative Office recommending the Board approve Budget Transfer 2010004 appropriating $965,861.32 for Fiscal Year 2009-2010 supplemental funding payments to certain fire districts pursuant to Agreement dated August 28, 2001 and Resolution 111-2009. (4/5 vote required)
FUNDING: Fund balance available in the Fire District Contribution fund.
Body
BUDGET SUMMARY:
Total Estimated Cost $ 965,861.32
Funding
Budgeted $ 0.00
New Funding $
Savings $
Other $ 965,861.32 Fire Dist Contrib fund bal
Total Funding Available $ 965,861.32
Change To Net County Cost $ 0
Fiscal Impact/Change to Net County Cost: No change to Net County cost. Funds are available in the Fire District Contribution fund.
Fiscal Impact/Change to Net County Cost:
On June 2, 2009 the El Dorado County Board of Supervisors adopted Resolution 111-2009 terminating the agreement to provide supplemental funding for fire protection and emergency medical services for certain fire districts effective July 1, 2009 and making provision for additional appropriations for Fiscal Year 2009/2010.
Pursuant to the resolution, approximately $964,810.00 (plus interest) held in the Fire District Contribution fund shall be paid to the Districts and allocated in accordance with the agreement. The termination of the funding agreement and use of fund balance in the Fire District Contribution fund was not included in the FY 2009-10 Proposed Budget therefore a budget transfer is required to appropriate the funds.
The Board also approved additional one time only funding of $335,537.00 in the 2009/10 fiscal year budget representing the difference between the amount in the Fire District Contribution Fund and the total amount of Supplemental Funds that would have been payable under the Agreement in fiscal year 2009/10. The additional one time only funding of $335,537 was included in the Proposed Budget. The resolution provides...
Click here for full text