Board Approves Supplemental Appropriations
The Board approved the 2016 Supplemental Appropriation Request for July which represents staff’s conservative and prudent estimates for providing on-going, quality services to customers for 2016.
Revenues: This Supplemental Appropriation includes total revenues (inclusive of interfund transfers) amounting to $51 .5 million, an increase of $1 .6 million over the 2016 Adopted Budget. Accounting for the majority of this increase are development-related taxes and fees, landfill fees and grants.
Expenditures: The Supplemental Appropriation includes expenditures amounting to $75.6 million In all funds (of which $44.1 million are for capital expenditures). This represents an increase of $21.7 million in expenditures over the 2016 Adopted Budget, of which all but $0.2 million are for capital expenditures. This increase reflects additional appropriation requests amounting to $1.6 million, rollovers for capital projects from 2015 of $18.0 million and $2.2 million in additional requests already approved by the Board.
BACKGROUND: At least twice yearly, staff reviews the adopted budget and year-to-date actual revenues and expenditures. Based on these reviews, staff requests supplemental appropriations to update the budget to reflect actual revenues and expenditures of the prior and current year, year-to-date Board of Trustee actions, and projected revenues and expenditures for the remaining fiscal year.
2016 Supplemental Appropriation #1