HomeMy WebLinkAboutMINUTES - 06161992 - 1.82 TO: BOARD OF SUPERVISORS
FROM: PHIL BATCHELOR
County Administrator
DATE: June 16, 1992
SUBJECT: LOAN TO COURTHOUSE ( 1106) AND CRIMINAL JUSTICE FACILITIES
( 1107) CONSTRUCTION FUNDS
Specific Request(s) or Recommendations (s) & Background & Justification
RECOMMENDATION:
1 . AUTHORIZE an advance from the General Fund to the Criminal Justice and
Courthouse Construction Funds to cover FY 1991-92 obligations .
2 . AUTHORIZE the County Auditor-Controller to factor this advance into
General Fund Cash Flow Statements .
FINANCIAL IMPACT
Loan from the General Fund to be repaid in full, including the cost of
borrowing, out of future penalty assessment revenue.
REASONS FOR RECOMMENDATION/BACKGROUND:
The current status of the Courthouse and Criminal Justice Construction Funds
indicate insufficient revenue to meet existing commitments . The two funds
generate revenue through penalty assessments, which are decreased
significantly due to the recession and other factors . It is anticipated
that there will be a shortfall of approximately $400;000 for fiscal year
1991-92 . To achieve a balance, sufficient funds fill be advanced to balance
the accounts, out of the general fund, which will be repaid together with
the cost of borrowing from future revenues from the Construction Funds .
CONTINUED ON ATTACHMENT: YES Signature:
X Recommendation of County Administrator
Recommendation of Board Committee
Approve Other
Signature(s) :
Action of Board on: 6 Approved as Recommended X Other
Vote of Supervisors : I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
X Unanimous (Absent ) AND ENTERED ON THE MINUTES OF THE
Ayes : Noes : BOARD OF SUPERVISORS ON DATE SHOWN.
Absent: Abstain: J6 /g9�
Attested:
cc: Justice System Programs Ph 1 Batchelor, Clerk of
Auditor-Controller the Board of Supervisors
Justice System Executive and County Administrator
Council
By: v DEPUTY EPUTY