DATE: June 18, 2024
TO: Board of Supervisors
SUBMITTED BY: Steven E. White, Director
Department of Public Works and Planning
SUBJECT: Budget Transfer Fixed Asset
RECOMMENDED ACTION(S):
TITLE
Approve and authorize the Clerk of the Board to execute Budget Transfer No. 17 transferring FY 2023-24 appropriations ($500,000) from Org 45104514 Account 7295 (Professional & Spec. Services) to Org 45104514 Account 8150 (Buildings & Improvements), Program 91682 (Area 8 Storage Building), to provide additional funding for an unanticipated increase in improvement project costs.
REPORT
Approval of the recommended action will transfer existing FY 2023-24 appropriations from Org 45104514 Account 7295 (Professional & Spec. Services) to Org 45104514 Account 8150 (Buildings & Improvements), Program 91682 (Area 8 Storage Bldg) to cover an unanticipated increase in improvement project costs in the Area 8 Road Yard in Sanger. This item pertains to District 5.
ALTERNATIVE ACTION(S):
There is no viable alternative action.
FISCAL IMPACT:
There is no Net County Cost associated with the recommended action. Approval of the recommended action will transfer $500,000 in budgeted appropriations from Org 45104514 Account 7295 (Professional & Spec. Services) to Org 45104514 Account 8510 (Buildings & Improvements), Program 91682 (Area 8 Storage Bldg).
DISCUSSION:
The Public Works and Planning Road Maintenance & Operations Division budgeted $200,000 for an improvement project in the Area 8 Road Yard in Sanger. However, the plan check revealed an unforeseen need for a fire suppression water storage tank on site which significantly increased the cost of the project. With your Board’s approval, the recommended action will transfer existing appropriations into Account 8510, Program 91682 to meet the need of the unanticipated increase in cost.
ATTACHMENTS INCLUDED AND/OR ON FILE:
On file with Clerk - Budget Transfer No. 17
CAO ANALYST:
Salvador Espino