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Home My WebLink AboutMINUTES - 07241990 - 1.52 1 .q1�,p 52 AUDI - NTR R Y CONTRA COSTA COUNTY FINAL APPROVAL NEEDED BY: APPROPRIATION ADJUSTMENT O BOARD OF SUPERVISORS T/C 27 COUNTY ADMINISTRATOR ACCOUNT CODING BUDGET UNIT: INSURANCE/SETTLEMENTS ORGANIZATION EXPENDITURE SUE-ACCOUNT EXPENDITURE ACCOUNT DESCRIPTION <ECREASE INCREASE 100 100 0150 3550 TAXES & ASSESSMENTS i 265,82500 0990 6301 RESERVE FOR CONTINGENCIES 265,825 AO 1 0990 6301 APPROPRIABLE NEW FINANCING I 265,825100 1 I I I I I 1 I I I I 1 I ' I 1 I I I I I I I I I I 1 I I I I I 1 I I I I I I I I I I 1 I I 1 TOTALS 265,825 00 531 ,650' 00 APPROVED EXPLANATION OF REQUEST AUDITO"O ROLL ,� To appropriate available financing provided from a board By: Dated—iz-Ae order releasing, in part, Fund Balance Provision for Designated-Litigation & Audits. To cover the Court fines COUNTY ADMINIST ATOR settlement agreement and Sales & Use Tax audit payments incurred during FY 1989-90. Date? BOARD OF SUPERVISORS YES: Slirervlsors Powers, Fanden, �/�K'ruou r, MC-Peak, Torlakson � NO: lil�1)C.Q C �'`i � P I Bztchelor, Cieil of the Board d Budget Svcs Mgr �_,z.9// Suyti�')sof$and•Cou,-AyAdP,.:..,k9ra1sr L 2 4 19J(]nn SIGNATURE TITLE L / DATE By: Dat APPROPRIATION A POO J��b ADJ. JOURNAL NO. (M 129 Rev.2/88) SEE INSTRUCTIONS ON REVERSE SIDE CONTRA COSTA COUNTY ESTIMATED REVENUE ADJUSTMENT T/C 24 0 �L ACCOUNT CODINs BUDGET UNIT: GENERAL CO. FINANCING ORGANIZATION ACCOUNT REVENUE DESCRIPTION INCREASE <DECREASE> 100 100 ..I I 0005 8981 APPROPRIABLE FUND BALANCE 265,825100 1 I 1 I I , I 1 I 1 I 1 I � r I I I t I I I � I I I I I i I � I � I I � TOTALS 265,825:00 APPROVED EXPLANATION OF REQUEST AUDITO NTROLLER To budget for estimated financing in excess of that By: Dat.7-n6 :& currently budgeted for F/Y 1989-90, resulting from the settlement of the state sales and use tax audit COUNTY ADMINISTRATOR and the Court Fines Settlement Agreement distribution. The Reserve for Litigation & Audit exceptions is being By: K �� Date?-/3--cam reduced by 211 ,968 per the attached board order. BOARD OF SUPERVISORS YES: SuDerwisors Powors,Panden, SW,roder, MoPeak,TOriakson NO: Budget Svcs Mgr 7-1 Phil Bachelor, Clerk of the Board of GNATUR TITLE DATE JUL 24 ? yo REVENUE ADJ. RAOO S38L By: Date JOURNAL NO. (M 8134 Rm 2/86) TO: BOARD OF SUPERVISORS Contra r . . ,. FROM: Phil Batchelor County Administrator g'•. is Costa .:•. :� .-•u DATE: July 24 , 1990 °° ;-c---�- — County sr SUBJECT: DISBURSEMENT FROM RESERVE FOR LITIGATION AND AUDIT EXCEPTIONS SPECIFIC REQUEST(S)OR RECOMMENDATION(S)6 BACKGROUND AND JUSTIFICATION RECOMMENDATION: Authorize the Auditor-Controller to reduce the Reserve for Litigation and Audit Exceptions by $265 , 825 and transfer funds to the Insurance/Settlements budget unit. FINANCIAL IMPACT: Unless the Insurance/Settlement budget unit receives the appropriation transfer to cover $265,825 audit exceptions, it will result in a budget deficit. BACKGROUND: A reserve for litigation and audit exceptions is established each year to insure that funding is available during the year to cover legal claims and audit exceptions. During this fiscal year,. the State sales and use tax audit was settled, and the court fines settlement agreement distribution for FX 1989-90 was made. Board action is `required to release these funds to liquidate the obligations. State Sales and Use Tax Audit Each year, the State audits the sales and use tax revenue disbursement to counties. For the last fiscal year, the State has, charged the County $33 , 383 for overpayments of these revenues. The Auditor has paid this audit charge and requires an appropriation transfer from the reserve. CONTINUED ON ATTACHMENT: ,YES SIGNATURE: A ' ^'� ... -RECOMMENDATION OF COUNTY ADMINISTRATOR -RECOMMENDATION OF BOARD COMMITTEE APPROVE _OTHER SIGNATURE S: ACTION OF BOARD ON 2 4 MUAPPROVED AS RECOMMENDED OTHER _ VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE UNANIMOUS(ABSENT AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. JUL 2 4 1990 CC: ATTESTED PHIL BATCHELOR,CLERK OF THE BOARD OF SUPERVISORS AND COUNTY ADMINISTRATOR M382 (10/88) BY �� ,DEPUTY n -2- Court Fines Settlement Per the agreement between the County and cities within the County which receive court fine fees, the County will make up the difference between the actual fees received and distributed during the year and the $500 , 000 due in 1989-90 . The settlement amount is $232 , 442 .