Title
Budget Rollovers to FY 2011 - Approval
History
A detailed spreadsheet (by fund) of budget rollovers is attached showing a total increase to the fiscal year 2011 budget in the amount of $13,932,044. The budget rollovers are necessary due to the fact that these projects were not completed during fiscal year 2010. The budget impact is a decrease in expenditures for fiscal year 2010 and an increase to the budgeted expenditures for fiscal year 2011.
The breakdown by fund is as follows:
• General Fund - $259,615
• Water & Sewer Fund - $3,900,755
• Road Exaction Fund - $123,317
• Capital Improvement Fund - $4,475,415
• Civic Center Fund - $153,590
• Main Street Triangle TIF Fund - $5,000,000
• Recreation and Parks Fund - $19,352
On February 7, 2011, this item was reviewed and approved by the Finance Committee and referred to the Board for approval.
Financial Impact
The attached spreadsheet identifies the budget impact.
Recommended Action/Motion
I move to approve amending the FY2011 expenditure budget by $13,932,044.