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MEMORANDUM
TO: Board of Supervisors
FROM: Carol J. Huchingson, County Administrative Officer
DATE: December 13, 2016
SUBJECT: Adopt Resolution Amending Resolution No. 2016-144 to Amend the FY 2016-17 Adopted Budget by Adjusting Revenues and Appropriations in Budget Unit 9919 - Public Liability
EXECUTIVE SUMMARY:
Your Board recently authorized the acceptance of a loan from CSAC-EIA that will assist in funding defense costs related to Lakeside Heights. The loan has now been funded and since this funding was not anticipated in the budget, it needs to be appropriated by resolution.
Passage of this resolution is necessary to appropriate the unanticipated revenue. Consequently, staff recommends its approval.
FISCAL IMPACT: _X_ None __Budgeted __Non-Budgeted
Estimated Cost:
Amount Budgeted:
Additional Requested:
Annual Cost (if planned for future years):
FISCAL IMPACT (Narrative): None
STAFFING IMPACT (if applicable): None
Recommended Action
RECOMMENDED ACTION:
Adopt Resolution Amending Resolution No. 2016-144 to Amend the FY 2016-17 Adopted Budget by Adjusting Revenues and Appropriations in Budget Unit 9919 - Public Liability