HomeMy WebLinkAboutMINUTES - 05092006 - C.42 TO: BOARD OF SUPERVISORS Contra
FROM: John Cullen, COUNTY ADMINISTRATOR Costa 9 , �m� . .4
County
DATE: May 9, 2006 s'A c6i n
SUBJECT: Appropriations Adjustment for Professional Services v�
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
APPROVE Appropriations Adjusitment No. 5093 authorizing new revenue in General
County Revenue (0005) in the amount of $90,000 from proceeds of the 2005 Tax and
Revenue Anticipation Note (TRAN) and authorize the transfer of appropriations in the
amount $90,000 from General County Revenue (0005) to Notes and Warrants Interest
(0790) to pay for professional services and other costs of issuing the 2005 TRAN.
FISCAL IMPACT:
None. This action authorizes appropriations and revenue with no net impact.
BACKGROUND:
The annual program for Tax and Revenue Anticipation Note borrowing has become an
essential part of the cash management for the County. It is required in order to meet
the cash flow needs during the fiscal year. The expenses of the program are paid from
revenues generated by the program and revenues above expenses are available to the
General fund. During the current fiscal year, the County again participated in a Tax
and Revenue Anticipation Note (TRAN). This Board action allows for payment of the
professional services and other costs of issuance associated with the 2005 TRAN.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
✓ APPROVE OTHER
q, ��,- &i,�
SIGNATURES
ACTION OF BO R ON ® APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT
COPY OF AN ACTION TAKEN AND ENTERED ON MINUTES OF
—ZUNANIMOUS(ABSENT ���/ ) THE BOARD OF SUPERVISORS ON THE DATE SHOWN.
AYES: NOES:
ABSENT: ABSTAIN:
Contact: p /�"�
Cc: Angel Wilson,Auditor's Office ATTESTED f!!Z o 9/ x ro
Jason Crapo,CAO JOH LLEN,CLERK OF THE BOARD OFSUPERVISORS
Lisa Driscoll,CAO
BY: DEPUTY
AUDITOR-CONTROLLER USE ONLY
CONTRA COSTA COUNTY FINAL APPROVAL NEEDED BY:
APPROPRIATION ADJ I STMENT EX BOARD OF SUPERVISORS
T/C 27 COUNTY ADMINISTRATOR
ACCOUNT CODING BUDGET UNIT: 0005-Revenue-General County/0790-Notes&Warrants Interest
EXPENDITURE
ORGANIZATION SUB-ACCOUNT EXPENDITURE ACCOUNT DESCRIPTION <DECREASE> INCREASE
0790 2310 Non County Prof/Spec Services 90,000 00
RESERVE FOR CONTINGENCIES
0990 6301 Appropriable New Revenue 90 000 00
0990 6301 Reserve for Contingencies 909000 00
TOTALS 90,000 00 180,000 00
APPROVED EXPLANATION OF REQUEST
AUDITOR-CC TROLLER:
BY: (it 1 V DATE %5 A41 Al To transfer appropriations for professional services and other costs
COUNTY ISTRATO / of issuance associated with the 2005 Tax and Revenue Anticipation
BY: DATE w`� �T Notes(TRANS).
BOARD OF SUPERVISORS:
SUPERVISORS G10A IES O,DESAULNIF,GLOVER
YES: ,/'
NO: A�»e,,- 2
fum
M )GNATUU/
,Oak Qf the Mrd V1RE TITLE DATE
m and Corny Amskft
,L/ APPROPRIATION APOO 50q3BY: DATE � " ADJ.JOURNAL NO.
i
(M129 Rev 2/86)
1
I�
CONTRA COSTA COUNTY
ESTIMATED REVENUE ADJUSTMENT
T/C 24
ACCOUNT CODING BUDGET UNIT: 0005-Revenuer General County
REVENUE
ORGANIZATION ACCOUNT REVENUE ACCOUNT DESCRIPTION INCREASE <DECREASE>
0005 9181 Earnings on Investments 90,000 00
TOTALS1 90,0001 00
APPROVED EXPLANATION OF REQUEST
AUDITO ONTRpOLL�E�R::
BY: 1VI/. rt/ DATE To increase appropriations and recognize revenue from proceeds
COLINY A ISTRATOR/:� of 2005 Tax and Revenue Anticipation Notes(TRANS).
BY: �` ' DAT
BOARD OF SUPERVISORS:
YES: SUPERWORS GIOIA,U11 KEpllp,
PIEPHO,DC•SAUMER,Gbpy�R
NO: /V 77t-
JOHN CULS,Clerk of the brd of
SUPervlSOM and Coui4AMM& SIGNATME TITLE I
(� DAT
REVENUE ADJ. RA00 6D"�
BY: DATE % JOURNAL NO.
(M 8134 Rev.2186)