PUBLIC HEARING AGENDA REQUEST

Department, Organization or                                                           Board of Supervisors  

Person Making Request                                                                              Meeting Date:

Finance Committee                                                                                     February 18, 2003

Staff Lead:                                                                                                     Department:  

Bryan Tippie, Director                                                                         Budget Office

Topic:  A Resolution to Amend the FY 2003 Adopted Budget in the Amount of $2,318,721  

Topic Description:  

The Code of Virginia requires a public hearing when amendments to the budget exceed the lesser of $500,000 or 1% of the total budget.  Various budget related issues in the amount of $2,318,721 have been identified which require a public hearing.

The following budget related issues subject to the public hearing have been reviewed and recommended for approval by the Finance Committee. 

 

Amount

Source of Funds

Issue

 

 

 

FY 2003

 

 

$3,669

Federal Funds

DEA Share of Forfeiture Proceeds – Sheriff’s Office

$8,900

Insurance Recovery

Wrecked Vehicle – Sheriff’s Office

$7,865

State Funds

Overtime – DMV Traffic Grant – Sheriff’s Office

$965,168

Fund Balance

One Half FY 2002 Fund Balance for Construction Reserve – School Division

$1,131,084

Fund Balance

One Half FY 2002 Fund Balance for Construction Reserve – General Government

$25,000

Contingency Reserve

GASB 34 Accounting Implementation – Independent Auditor - Finance Department

$143,000

Contingency Reserve

Athletic Lighting – LHS – Schools

$34,035

Contingency Reserve

Fauquier County West Nile Virus Public Education & Monitoring Program – Budget Office


$2,318,721

 

TOTAL

 

Requested Action of the Board of Supervisors: 

Consider adoption of the attached resolution.

Financial Impacts Analysis: 

Financial impact as indicated.

Identify Any Other Departments, Organizations or Individuals That Would be Affected by This Request: 

Sheriff

School Division

Finance Department

Budget Office

RESOLUTION

A RESOLUTION TO AMEND THE

 FY 2003 ADOPTED BUDGET IN THE AMOUNT OF $2,318,721

            WHEREAS, the Board of Supervisors is charged by the Code of Virginia with the preparation of an annual budget for Fauquier County ; and

            WHEREAS, on March 25, 2002 , the Fauquier County Board of Supervisors adopted the Fauquier County FY 2003 Budget; and

            WHEREAS, during the course of the fiscal year certain events occur which necessitate changing the budget plan by increasing or decreasing the total budget; and

                WHEREAS, the Finance Committee has recommended FY 2003 appropriation of $2,318,721 for the purposes set forth below; and

            WHEREAS, the Code of Virginia requires local jurisdictions to hold a public hearing for any amendment to the adopted budget exceeding the lesser of $500,000 or 1% of the total budget; and

            WHEREAS, a public hearing is scheduled for February 18, 2003 ; now, therefore, be it

            RESOLVED by the Fauquier County Board of Supervisors this 18th day of February 2003, That the County Administrator be, and is hereby, directed to consider amending the Fauquier County FY 2003 Budget in the amount of $2,318,721 as follows:  

 

FROM

 

 

TO

 

 

Source

Code

Amount

Department

Code

Amount

 

FY 2003

 

 

 

 

 

Federal Funds

3-100-331000-0040

$89

Sheriff’s Office

4-100-031230-8201

$89

 

Federal Funds

3-100-331000-0040

$159

Sheriff’s Office

4-100-031230-8201

$159

 

Federal Funds

3-100-331000-0040

$3,421

Sheriff’s Office

4-100-031230-8201

$3,421

 

Insurance Recovery

3-100-411000-0010

$8,900

Sheriff’s Office

4-302-80301-8205

$8,900

State Funds

3-100-244100-0045

$7,865

Sheriff’s Office

4-100-031200-1201

$7,865

 

Fund Balance

3-100-419000-0010

$965,168

School Division

4-302-91400-0205

$965,168

 

Fund Balance

3-100-419000-0010

$1,131,084

General Government

4-302-91400-0100

$1,131,084

 

Contingency Reserve

4-100-091400-9618

$25,000

Independent Auditor

4-100-012240-3120

$25,000

Contingency Reserve

4-100-091400-9618

$143,000

School Division

4-302-94615-8250

$143,000

Contingency Reserve

4-100-091400-9618

$34,035

Budget Office

4-100-083100-TBD

$34,035

TOTAL

 

$2,318,721

 

 

$2,318,721