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File #: 2012-0061    Version: 0 Name: Budget Rollovers to FY 2012 - Approval
Type: MOTION Status: PASSED
File created: 2/1/2012 In control: Board of Trustees
On agenda: 2/6/2012 Final action: 2/6/2012
Title: Budget Rollovers to FY 2012 - Approval
Attachments: 1. Budget Rollover

Title

Budget Rollovers to FY 2012 - Approval

 

History

A detailed spreadsheet (by fund) of budget rollovers is attached showing a total increase to the fiscal year 2012 budget in the amount of $19,038,485.  The budget rollovers are necessary due to the fact that these projects were not completed during fiscal year 2011.  The budget impact is a decrease in expenditures for fiscal year 2011 and an increase to the budgeted expenditures for fiscal year 2012. 

 

The breakdown by fund is as follows: 

 

                     General Fund - $856,172

                     Water & Sewer Fund - $6,244,112

                     Road Exaction Fund - $397,387

                     Capital Improvement Fund - $7,436,579

                     Civic Center Fund - $8,629

                     Main Street Triangle TIF Fund - $3,938,738

                     Recreation and Parks Fund - $156,868

 

Financial Impact

The attached spreadsheet identifies the budget impact.

 

Recommended Action/Motion

 

I move to approve amending the FY2012 expenditure budget by $19,038,485.