DATE: May 25, 2021
TO: Board of Supervisors
SUBMITTED BY: Delfino E. Neira, Director, Department of Social Services
SUBJECT: Budget Transfer Fixed Assets
RECOMMENDED ACTION(S):
TITLE
Approve and authorize the Clerk of the Board to execute Budget Transfer No. 21 transferring FY 2020-21 appropriations in the amount of $241,525 from account 7296 (Data Processing Services) to account 8300 (Equipment) within the Department of Social Services Org 56107001 ($241,525) to transfer audio/visual equipment costs to the appropriate account.
REPORT
During FY 2020-21, the Department of Social Services (Department) purchased A/V equipment that exceeded the $5,000 threshold for capital assets. Approval of the recommended action will allow the Department to transfer audio visual (A/V) equipment costs to the appropriate capital asset account. This item is countywide.
ALTERNATIVE ACTION(S):
There are no viable alternative actions. If the recommended action is not approved, the Department will not have sufficient appropriations in the capital asset account to appropriately categorize the A/V equipment as capital assets.
FISCAL IMPACT:
There is no increase in Net County Cost associated with the recommended action. Approval of the recommended action will transfer $241,525 in budgeted appropriations from account 7296 (Data Processing Services) to account 8300 (Equipment). In FY 2020-21, the Department acquired 23 A/V equipment that exceeded the $5,000 threshold for capital assets. Per Management Directive 410, all assets that exceed the $5,000 threshold must be capitalized. The equipment was funded with a combination of Federal and State, 1991/2011 Realignment and Net County Cost which was absorbed by existing budgeted appropriations. The equipment will be included as Program Nos. 91687 ($143,485) and 91688 ($98,040) for audio visual equipment installed at the Department's Clovis Building 3 and Selma offices, respectively. Sufficient appropriations and estimated revenues...
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