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County Administrator's Report 11. 24.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	10/06/2016
Issue: Supplemental Budget Amendment #291 - Revenue Adjustment for the Disaster Recovery Fund
From:	Stephan Hall
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #291 - Stephan Hall, Budget Manager, Management and Budget Services

That the Board adopt the Resolution approving Supplemental Budget Amendment #291, Disaster Recovery Fund (112), in the amount of $12,500,000, to recognize State and Federal Emergency Management Agency (FEMA) proceeds, to establish an appropriate revenue/expenditure budget for financial reporting, and to appropriate these funds for continuing necessary repairs and response, due to the April 2014 Flooding Disaster.

BACKGROUND:

This supplemental recognizes revenue received in the Disaster Recovery Fund (112) as well as establishing an appropriate level of budget within the Disaster Recovery Fund for financial reporting associated with the Clerk of Court services/function provided to the Board associated with the Comprehensive Annual Financial Report (CAFR).

BUDGETARY IMPACT:

This amendment will increase Fund 112 by $12,500,000.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Board policy requires increases and decreases in revenues to be approved by the Board.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA#291