Title
Budget Adjustment - Approval
History
A detailed spreadsheet (by fund) of budget adjustments is attached showing an increase in expenditures of $300,000.
The increase in expenditures is due to the following:
• Replacement of four vehicles in the Water and Sewer Fund which was inadvertently not included in the FY2011 budget in the amount of $242,000.
• Pool improvements related to the Virginia Graeme Baker Act in the amount of $58,000.
On May 2, 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 increasing the FY2011 expenditure budget by $300,000.