| | | | | | | | REPORT TO SHASTA COUNTY BOARD OF SUPERVISORS
BOARD MEETING DATE: January 31, 2017
CATEGORY: Consent - General Government-1.
SUBJECT:
County Courthouse Bonds Debt Service Fund Budget Amendment |
| | | | | | | | | DEPARTMENT: | Auditor-Controller
Administrative Office
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| | | | | | | | Supervisorial District No. : All
DEPARTMENT CONTACT: Frank Costa, Accountant Auditor III, (530) 225-5125
STAFF REPORT APPROVED BY: Terri Howat, County Chief Financial Officer
Vote Required?
4/5 Vote | General Fund Impact?
No General Fund Impact |
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| | | | | | | | RECOMMENDATION
Approve a budget amendment increasing appropriations in services and supplies by $4,000 in the County Courthouse Bonds Debt Service Fund budget, to be offset with the use of fund balance. |
| | | | | | | | SUMMARY
A budget amendment is proposed to increase the Professional Services budget in the County Courthouse Bonds Debt Service Fund in order to process an invoice for the Interim Arbitrage Rebate Analysis report. |
| | | | | | | | DISCUSSION
The 2011 Courthouse Lease requires an Interim Arbitrage Rebate Analysis every 5 years. The current analysis is for the period of November 4, 2011 through November 4, 2016 and was performed by BLX Group LLC at a cost of $4,000. |
| | | | | | | | ALTERNATIVES
The Board may decline to approve the proposed budget amendment. Expenditures will be overstated. |
| | | | | | | | OTHER AGENCY INVOLVEMENT
The County Administrative Office has reviewed this recommendation. |
| | | | | | | | FINANCING
There is adequate fund balance and cash available in the County Courthouse Bond Fund to fund this additional appropriation. There is no General Fund impact. |
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