HomeMy WebLinkAboutMINUTES - 03132012 - C.27RECOMMENDATION(S):
APPROVE Appropriation Adjustment No. 5045 to transfer appropriation in the amount of
$1,036,168 from General Fund to the Hospital Enterprise Fund for the transfer of remaining
balance from the sale of School Street.
FISCAL IMPACT:
This action transfers appropriations of $1,036,168 to the Hospital Enterprise fund.
BACKGROUND:
The County property at 500 - 555 School Street Pittsburg was approved for sale to the City
of Pittsburg Redevelopment Agency in August 2005. The property consisted of facilities
used in the operation of the County Hospital and was therefore recorded as a Fixed Asset in
EF1 Fund 145000. The sale of this property was recorded in a manner consistent with
General Accepted Accounting Principles GAAP. Cash proceeds from the sale in the amount
of $1,623,700 were deposited into EF1 Fund 145000 in FY 2005/06.
The cash proceeds from this sale may be used for a Richmond Health Clinic construction
project.
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 03/13/2012 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I
Supervisor
Gayle B. Uilkema, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Karen Mitchoff, District IV
Supervisor
ABSENT:Federal D. Glover, District V
Supervisor
Contact: Beth C. Balita, 313-7161
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the
Board of Supervisors on the date shown.
ATTESTED: March 13, 2012
David Twa, County Administrator and Clerk of the Board of Supervisors
By: June McHuen, Deputy
cc: GSD Admin, GSD Accounting, GSD Accounting, County Administrator, County Administrator, Auditor Controller, Editha Guevarra
C.27
To:Board of Supervisors
From:Julia R. Bueren, Public Works Director/Chief Engineer
Date:March 13, 2012
Contra
Costa
County
Subject:Appropriation Adjustment No. 5045 to transfer $1,036,168 from General Fund to the Hospital Enterprise
Fund
BACKGROUND: (CONT'D)
It was recommended that proceeds be transferred to the County General Gund and held
as Fund Balance Designation until a project is identified. This action by the County
Board of Supervisors authorize a FY 2007/08 Interfund Contribution of $1,623,700 from
the Hospital Enterprise Fund 145000 to the County General Fund 100300.
$1,036,168 in proceeds remains in the General Fund. This action by the County Board of
Supervisors will authorize a FY 2011/12 Appropriation of reserves to transfer the
remaining balance from the sale of School Street from the General Fund to the Hospital
Enterprise Fund 145000, to purchase equipment for the West County Clinic.
CONSEQUENCE OF NEGATIVE ACTION:
If this action is not adopted, the Hospital Enterprise fund budget will not appropriatly
reflect the transfer of remaining balance from the sale of School Street property from
General fund.
CHILDREN'S IMPACT STATEMENT:
None.
ATTACHMENTS
TC 24 & TC 27 5045