| | | | | | | | Spotsylvania County
Board of Supervisors Agenda
Executive Summary |
| | | | | | | | Meeting Date:
| February 13, 2018 |
|
| | | | | | | | Title:
| Use of Fund Balance to Increase FY 2018 Contribution to Spotsylvania Historical Association by Amount Unpaid in FY 2017 |
|
| | | | | | | | Type:
| Action, Appropriation |
|
| | | | | | | | Agenda Title:
| Use of Fund Balance to Increase FY 2018 Contribution to Spotsylvania Historical Association by Amount Unpaid in FY 2017 |
|
| | | | | | | | Recommendation:
| Approve the attached budget adjustment and appropriation. |
|
| | | | | | | | Non-Staff Name and Title of Presenters:
| Budget adjustment to allocate $4,800 from the General Fund balance to pay to the Spotsylvania Historical Association the portion of the County's budgeted FY 2017 contribution to that agency that was contingent upon approval of a MOU which was approved in November 2017. |
|
| | | | | | | | Summary:
| When the FY 2017 Budget was adopted, $4,800 of the budgeted contribution to the Spotsylvania Historical Association was contingent upon a MOU being developed and approved by the Association and the Board of Supervisors. The MOU was being negotiated when FY 2017 closed, and as such, the $4,800 went unpaid.
The MOU was finalized and approved by the Board of Supervisors on November 9, 2017. Because the County and the Association were working in a good faith effort to finalize the MOU during FY 2017, the County Administrator recommends that the $4,800 payment budgeted but unpaid in FY 2017 be made now in FY 2018 using the General Fund balance. The attached budget adjustment and appropriation allocates $4,800 from the General Fund balance to the County Museum budget to allow for the payment to occur in FY 2018. |
|
| | | | | | | | Committee/Commission Summary:
| Finance Committee |
|
| | | | | | | | Review Date:
| January 18, 2018 |
|
| | | | | | | | Financial Impact:
| Please see the attached budget adjustment and appropriation. |
|
| | | | | | | | Staff Contacts:
| Mark Taylor, County Administrator |
|
| | | | | | | | Consequence of Denial/Inaction:
| If approval is denied, the $4,800 will not be paid to the Spotsylvania Historical Association. |
|
| | | | | | | | Talking Points:
| Budget adjustment to allocate $4,800 from the General Fund balance to pay to the Spotsylvania Historical Association the portion of the County's budgeted FY 2017 contribution to that agency that was contingent upon approval of a MOU which was approved in November 2017. |
|
|