Item Coversheet

Spotsylvania County
Board of Supervisors Agenda
Executive Summary



Meeting Date:
August 14, 2018
Title:
Capital Projects Budget Adjustments
Type:
Action, Appropriation
Agenda Title:
Capital Projects Budget Adjustments
Recommendation:
Staff recommends that the Board of Supervisors approve the budget adjustments listed below and the appropriations attached. 
Non-Staff Name and Title of Presenters:
Budget adjustments are recommended to close out three completed general capital projects and one completed Utilities capital project.  These adjustments decrease appropriations across three funds by a total of $49,181.
Summary:

Staff is requesting that transfers and appropriations be approved as follows:

 

General Capital Projects

Adjustments to general capital projects are requested as follows:

 

  • $44,841 is requested for transfer to the Capital Projects Fund balance from the balance remaining in the completed E-911 Call Handling Upgrade project.  This will close the project.

     

  • $318 is requested for transfer to the Capital Projects Fund balance from the balance remaining in the completed FY 2017 Capital Projects Vehicle Replacement project.  This will close the project.

 

  • Two Maintenance vehicles were replaced in FY 2018 as planned, but costs exceeded the capital budget by $173.  Staff requests that $173 be shifted from the Maintenance division’s General Fund budget to cover this slight overage in the vehicle replacement capital project.  This will close the project.

 

Utilities Capital Projects

Adjustments to Utilities capital projects are requested as follows:

 

  • A transfer of $4,022 from the completed Motts Run Dam Repairs project to the Utilities Capital Projects Fund balance is necessary to close the project.

     

Committee/Commission Summary:
Finance Committee
Review Date:
July 19, 2018
Status:Approved
Financial Impact:
Please see the attached budget amendment and appropriation.
Staff Contacts:
Bonnie Jewell, Budget Manager
Consequence of Denial/Inaction:
Budgeted project expenditures, funding sources, and appropriations will be out of line with current project cost and funding expectations. 
Talking Points:
Budget adjustments are recommended to close out three completed general capital projects and one completed Utilities capital project.  These adjustments decrease appropriations across three funds by a total of $49,181.

ATTACHMENTS:
File NameDescriptionType
Capital_Projects_Adjustments_-_Budget_Adjustments.pdfBudget AdjustmentBudget Amendment
Capital_Projects_Adjustments_-_Appropriation.docAppropriationAppropriation