| | | | | | | | Spotsylvania County
Board of Supervisors Agenda
Executive Summary |
| | | | | | | | Title:
| Adjustments to Fire/Rescue Capital Projects |
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| | | | | | | | Type:
| Action, Appropriation |
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| | | | | | | | Agenda Title:
| Adjustments to Fire/Rescue Capital Projects |
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| | | | | | | | Recommendation:
| Staff recommends that the Board of Supervisors approve the budget adjustments listed below and the appropriations attached. |
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| | | | | | | | Non-Staff Name and Title of Presenters:
| Several budget adjustments are necessary to correct the balance in two previously completed Fire/Rescue capital projects. The projects were closed-out earlier in the year and remaining funds were returned to fund balance. Since this time, additional invoices have been allocated to the projects and now budget transfers are needed to bring their budget balances back to $0. |
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| | | | | | | | Summary:
| Staff is requesting that budget transfers and appropriations be approved to correct the balances in two Fire/Rescue capital projects. In March, adjustments were approved by the Board to return $30,620 from Fire/Rescue capital projects to the Capital Projects Fund balance as staff expected that final invoices had been received. However, a portion of that funding is now needed to balance two previously closed out Fire/Rescue projects for which we have since received additional invoices. Fire/Rescue staff has confirmed that these most recently received invoices are, in fact, the final invoices for these projects.
The attached budget adjustment shifts a total of $27,423 from the Capital Projects Fund balance with $17,677 being applied to the FY 2016 Replacement EMS Equipment project and $9,746 being applied to the FY 2017 Replacement Fire Equipment project. |
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| | | | | | | | Committee/Commission Summary:
| Finance Committee |
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| | | | | | | | Review Date:
| April 20, 2017 |
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| | | | | | | | Financial Impact:
| Please see the attached budget amendment. |
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| | | | | | | | Staff Contacts:
| Bonnie Jewell, Budget Manager |
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| | | | | | | | Additional Background/Other Considerations:
| None. |
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| | | | | | | | Consequence of Denial/Inaction:
| Budgeted project expenditures, funding sources, and appropriations will be out of line with current project costs and funding expectations. |
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| | | | | | | | Talking Points:
| Several budget adjustments are necessary to correct the balance in two previously completed Fire/Rescue capital projects. The projects were closed-out earlier in the year and remaining funds were returned to fund balance. Since this time, additional invoices have been allocated to the projects and now budget transfers are needed to bring their budget balances back to $0. |
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