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Board of Trustees Meeting Tuesday, April 8, 2008 |
Agenda Item: New Business
Discussion and/or approval of Resolution 2008-08 revising “line item” expenditures for the annual budget for fiscal year 2007/2008 – David I’Anson
Background:
In fiscal year 2007 – 2008, Budget line item 6120.01.250 - Trustee Support has experienced unbudgeted increases in expenditure. Training for new Board Members and the Strategic Planning meeting in October have resulted in increased expenditure for this line item that were not anticipated during the budgeting period. This resolution allows for the transfer of funds from budget line number 9000.01.225 - Contingency Expense to cover the already encumbered expenditures, and additional training for Trustees for the remainder of FY 2007-2008 budget.
Staff Recommendation:
Staff
recommends that the Board approve Resolution 2008-08.
Fiscal Impact:
|
Account |
Description |
Existing Balance February 29, 2008 (Including Encumbrances) |
Transfer |
New Balance |
|
6120.01.250 |
Trustee Support |
$(9,367.80) |
$15,000.00 |
$5,632.20 |
|
9000.01.225 |
Contingency Expense |
$792,900.00 |
$(15,000.00) |
$777,900.00 |