Title
Budget Rollovers FY08 to FY09 - Approval
History
A detailed spreadsheet (by fund) of budget rollovers is attached showing a total increase to the fiscal year 2009 budget in the amount of $16,122,998. The budget rollovers are necessary due to the fact that these projects were not completed during fiscal year 2008. The budget impact is a decrease in expenditures for fiscal year 2008 and an increase to the budgeted expenditures for fiscal year 2009.
The breakdown by fund is as follows:
• General Fund - $652,666
• Park Development Fund - $289,915
• Commuter Parking Fund - $6,004
• Open Lands Fund - $25,000
• Water & Sewer Fund - $11,755,397
• Road Exaction Fund - $410,615
• Capital Improvement Fund - $2,755,262
• Insurance Fund - $71,948
• Main Street Triangle TIF Fund - $147,166
• Recreation and Parks Fund - $9,025
On October 27, 2008, 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 FY2009 expenditure budget by $16,122,998.