Finance Committee                                                                              April 15, 2002

  Department, Organization                                                              Board of Supervisors

  Or Person Making Request                                                                    Meeting Date

Bryan Tippie, Director, Budget Office

Staff Lead and Department                                                                                         

Topic:  A Resolution to Amend the FY 2002 Budget in the Amount of $2,428,620

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.  The Board of Supervisors has approved resolutions which establish construction reserves for both the School Division and the General County Government from the prior year fund balances.  $2,428,620 has been identified for these reserves from FY 2001 and, therefore, requires a public hearing. 

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

Amount Source of Funds



of Prior Year School Division Net Balance

School Construction Reserve


of Prior Year, General Fund Revenue Balance

General County Construction Reserve








 Requested Action of the Board of Supervisors: 

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: 

For implementation, actions would also affect the General Government, School Division,   and Capital Improvements Funds.