Agenda

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County Administrator's Report 12. 17.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	05/15/2014
Issue: Supplemental Budget Amendment #173, Reimbursement from the 4H Foundation
From:	Amy Lovoy
Department:	OMB
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #173 - Amy Lovoy, Management and Budget Department Director

That the Board adopt the Resolution approving Supplemental Budget Amendment #173, Local Option Sales Tax Fund III (352) in the amount of $550,000, to recognize reimbursements from the 4H Foundation and to appropriate these funds for the purchase of property along Chalker Road and Highway 99.

BACKGROUND:

On April 29, 2014, the Board approved the purchase of property along Chalker Road and Highway 99. The total purchase price for these properties is to be reimbursed by the 4H Foundation at closing. This supplemental budget amendment recognizes these reimbursements from the 4H Foundation and appropriates these funds for the property purchase.

BUDGETARY IMPACT:

This supplemental budget amendment will increase the Local Option Sales Tax fund by $550,000.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

The 4H Foundation will reimburse the County at closing.

Attachments
014sa173