Title
Auditor-Controller recommending the Board approve the attached budget transfer which establishes the necessary budget appropriation to refund an additional $41,000 in Public Safety Developer Fees. (4/5 vote required)
FUNDING: Public Safety Development Funds.
Body
DISCUSSION / BACKGROUND
On September 28, 2021, your Board ordered the Auditor-Controller to refund the Public Safety Development Impact Fees that were collected between 2007 and 2016. An initial Budget Transfer for $445,000 was approved November 16, 2021. With interest earnings, the fund balance to be refunded to property owners is higher than the original $445,000 budget transfer. The original budget transfer was incorrect due to an error by the Auditor-Controller. An additional $41,000 is necessary to properly refund all relevant property owners the amount originally paid plus interest earned in the Public Safety Development fund.
ALTERNATIVES
N/A
PRIOR BOARD ACTION
November 16, item #21-1829 - the Board approved initial Budget Transfer of $445,000.
September 28, item #21-1386 - the Board ordered the Auditor-Controller to process the refund.
OTHER DEPARTMENT / AGENCY INVOLVEMENT
N/A
CAO RECOMMENDATION / COMMENTS
Approve as recommended.
FINANCIAL IMPACT
N/A
CLERK OF THE BOARD FOLLOW UP ACTIONS
N/A
STRATEGIC PLAN COMPONENT
Good Governance.
CONTACT
Joe Harn