HomeMy WebLinkAboutMINUTES - 09142004 - C50 TO: BOARD OF SUPERVISORS '`� '` : ' :• CONTRA
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COSTA
FROM: John Sweeten, County Administrator 7- COUNTY
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DATE: September 14, 2004
SUBJECT: APPROPRIATE $11,307,818 FROM PREVIOUSLY ISSUED LEASE REVENUE BONDS
FOR VARIOUS ONGOING CAPITAL PROJECTS
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION(S):
AUTHORIZE revenue in the amount of $11,307,818 from previously issued lease revenue bonds and
APPROPRIATE to various ongoing capital projects.
FINANCIAL IMPACT:
None.
BACKGROU'N'D:
In accordance with accepted government accounting standards, ongoing capital projects funded with
revenues not yet received by the County at the end of a fiscal year must be reappropriated in the
following year. This agenda item accomplishes this purpose for ongoing capital`projects previously
approved by the Board where the bond revenues funding the projects are held by a Trustee (in this
case, Bank of New York) in an external account until the County invoices the Trustee for project
expenses.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR—RECOMMENDATION OF BOARD COMMITTEE
_,A'PAROVE OTHER
SIGNATURE(S): '
ACTION OF BOr
ION SEETEffiER 14, 2004 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
XX UNANIMOUS(ASSENT NONE 1 TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED
ASSENT: ABSTAIN ----_._ ON MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
Contact:Les Richardson,393-7200 ATTESTED SEPTEMBER 14, 2004
JOHN SWEETEN,CLERK OF
THE BOARD OF SUPERVISORS
AND COUNTY ADMINISTRATOR
cc: CAO,Capital Facilities and Debt Management
General Services,Capital Project Management
BY ,DEPUTY
i
_........ ......... ......... ...._._..
_ ........ .......... ......._.... ..........._.. ......... _...... ......... ...._....
........ ............................................... ......... ......._.
AUDITOR-CONTROLLER USE ONLY
CONTRA COSTA COUNTY
APPROPRIATION ADJUSTMENT �� LAPPROYALNEEDEDBY:
TIC 27 130ARD OF SUPERVISORS
El COUNTY ADMINISTRATOR
ACCOUNT COMING BUDGET UNIT: COUNTY ADMINISTRATOR
ORGANaAMN EXFENMURE EXPENDITURE ACCOUNT DESCRIPTION <DECREASE> INCREASE
SU13-ACCOUNT
BU 0111 (PLANT ACQ-GEN FUND)
4405 4017 1220 MORELLO AVE ACQ 2,6321482.00
4409 4238 EMERGENCY COMM SYS IMPS 2,486,961.00
4411 4245 MDF PRE-TREATMENT GRINDERS 266,595.00
4413 4228 JUVENILE HALL ADDITION 1,6849248.00
4419 4474 4645 P'ACHECO BL CONST 711,332.00
4423 4243 BRENTWOOD ONE-STOP CENTER 1,1491,867.00
4423 4368 1305 MacDONALD AVE REMODEL 11106,741.00
4423 4394 4545 DELTA FAIR REMODEL 986,367.00
4423 4457 1650 CAVALLO RD IMPS 2831,225.00
0990 6301 RESERVE FOR CONTINGENCIES 11,3079818.00
0990 6301 APPROPRIABLE NEW REVENUE 11,307,818.00
TOTALS: $ 1193079818.00 5 22,615,636.00
APPROVED EXPLANATION OF REQUEST
FY 2004-05 Y
AUDITOR-CONTROLLER TO REBUDGET EXPENDITURES FOR
By, , Date: e�'°i' VARIOUS CAPITAL PROJECTS FUNDED
WITH BUND PROCEEDS.
CO iJN DMIN TOR
By.
Date:
BOARD OIUWRW§ UILKEan
GR69M UIR,0L VER
YES: Caital Facilities &4iTE
NO: NONE Debt ManagerJohn sweeten, E TITLE
vEJtt31V} I1C ct„i ,G#sii''}
By: o9w
11i1t115DiEPTEEwIBK 4, 2004
APPROPRIATION
ADJ. JOURNAL NO. APOO 1506
CONTRA COSTA COUNTY
ESTIMATED REVENUE ADJUSTMENT
T/C 24
ACCOUNT CODING BUDGET UNIT: COUNTY ADMINISTRATOR
ORGANIIAMN REVENUE REVENUE DESCRIPTION INCREASE <DECREASE>
ACCOUNT
BU 0111 (PLANT ACfJ-GEN FUND)
4405 9951 REIMBURSEMENTS - GOV/GOV 296321,482.00
4409 9951 REIMBURSEMENTS - GOV/GOV 21486,961.00
4411 9951 REIMBURSEMENTS— GOV/GOV 2669595.00
4413 9951 REIMBURSEMENTS - GOV/GOV 19684,248.00
4419 9951 REIMBURSEMENTS— GOV/GOV 711,332.00
4423 9951 REIMBURSEMENTS— GOV/GOV 395269200.00
TOTALS: S 11,307,818.00
APPROVED EXPLANATION OF REQUEST
AUDITOR.CONT OLLER FY 2004-05 CY
By: Date: 4. TO REBUDGET REVENUES FOR VARIOUS
CAPITAL PROJECTS FUNDED WITH BOND
COUNTY ADMINI TRATOR PROCEEDS.
EY Date:
BOARD OF SUPERVISORS
SUMNISOR46I01A, I!KnMWk
YES: 6REENBERG,DESAULNIER,SI. VER
NO: NONE Capital Facilities
John Swmiten Cl �'�of the rci of Debt Manager
Up8CVI54PS X41 i;t;i iltyu;;rinlSttrQt n,R TITLE A
By: Date: SEPTEMBER 1 , 2004
7REVUE ADJ.
5134 Ray.2186) JOURNAL NO. RAO{)