Title
Budget Rollovers FY07 to FY08
History
A detailed spreadsheet (by fund) of budget rollovers is attached showing a total increase to the fiscal year 2008 budget in the amount of $23,783,046. The budget rollovers are necessary due to the fact that these projects were not completed during fiscal year 2007. The budget impact is a decrease in expenditures for fiscal year 2007 and an increase to the budgeted expenditures for fiscal year 2008.
The breakdown by fund is as follows:
• General Fund - $584,657
• Park Development Fund - $1,554,126
• Commuter Parking Fund - $43,667
• Open Lands Fund - $136,108
• Water & Sewer Fund - $5,065,373
• Road Exaction Fund - $2,136,613
• Capital Improvement Fund - $5,411,596
• Main Street Triangle TIF Fund - $8,699,992
• Recreation and Parks Fund - $150,914
Financial Impact
The attached spreadsheet identifies the budget impact.
Recommended Action/Motion
I move to recommend to the Board to amend the FY08 expenditure budget by $23,783,046.