BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Central Fiscal Year 2019-20 Year-End and Fiscal Year 2020-21 Budget Adjustments.
End
RECOMMENDATION:
Recommendation
Approve the central Fiscal Year 2019-20 year-end and Fiscal Year 2020-21 budget adjustments.
Body
SUMMARY:
In adhering to Governance Policies of the Board and specifically Executive Limitations EL-4, staff respectfully submits central budget adjustments to the FY 2019-20 Adjusted Budget and FY 2020-21 Adopted Budget which are necessary in order to better align limited allocated resources with the Board's Ends, meet Board priorities, and continue to provide for a balanced budget.
A brief description of the FY 2019-20 central budget adjustments are presented below:
1. Capital Project: 40324003 Upper Penitencia Creek - Corps Coordination ($495,880 Increase): The Upper Penitencia Creek-Corps Coordination project number currently has a negative budget of $495,880 and is set to close in FY 2019-20. The Upper Penitencia Creek Project consists of three project numbers, which represent: (1) the Upper Penitencia Creek-Corps Coordination project, (2) the Upper Penitencia Creek Corp Coordination SCW project, and (3) the Upper Penitencia, Coyote-Dorel project. The Upper Penitencia Project is continuing into the Design phase with the Upper Penitencia Creek Corp Coordination SCW project number, as approved by the Board during the December 17, 2019 meeting. To close out the Upper Penitencia Creek-Corps Coordination project number with a $0 balance, $495,880 is needed to be transferred from the Upper Penitencia Creek Corps Coordination SCW project number in the same fiscal year, FY 2019-20. This budget adjustment is funded by the Operating and Capital Reserve balance in the Watershed & Stream Stewardship Fund.
2. Capital Project: 62044001 Watershed Habitat Enhancement ($93,000 Increase): The currently approved Watershed Habitat Enhancement Project includes (1) completing a feasibility study to separate Coyote C...
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