Title
Budget Rollovers FY09 to FY10 - Approval
History
A detailed spreadsheet (by fund) of budget rollovers is attached showing a total increase to the fiscal year 2010 budget in the amount of $6,688,208. The budget rollovers are necessary due to the fact that these projects were not completed during fiscal year 2009. The budget impact is a decrease in expenditures for fiscal year 2009 and an increase to the budgeted expenditures for fiscal year 2010.
The breakdown by fund is as follows:
• General Fund - $66,189
• Park Development Fund - $37,534
• Water & Sewer Fund - $3,481,053
• Road Exaction Fund - $627,615
• Capital Improvement Fund - $2,409,842
• Insurance Fund - $37,357
• Main Street Triangle TIF Fund - $18,743
• Recreation and Parks Fund - $9,875
On February 8, 2010, 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 FY2010 expenditure budget by $6,688,208.