A technical correction is necessary to the FY 2020 Budget Resolution that was adopted on April 11, 2019. As Budget staff was finalizing the figures for the resolution, the adopted one year delay of the additional 0.25% cash to capital was factored into the budget as an expense reduction instead of as a transfer reduction. That caused the expense figures entered on the resolution for the General Fund and the budget total to be $1,157,584 too low.
The attached marked-up version of the resolution shows the changes necessary. This correction does not alter anything the Board adopted within the budget itself, nor does it alter any of the tax rates adopted for 2019. A clean copy of the revised resolution is attached for your approval. |