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Board of Trustees Meeting Tuesday, February 12, 2008 |
Agenda Item: New Business
Approval of Resolution 2008-01 revising “line item” expenditures for the annual budget for fiscal year 2007/2008
Background:
Several budget line items in 2007 – 2008 Budget have experienced unforeseen increases in expenditure. Budget line item 6095.01.225 Professional Fees has seen an increase in expenditure due to the hiring of a municipal finance firm, and the hiring of an actuary firm to evaluate the District’s GASB 45 requirements. Budget line item 7550.01.400 Lab Supplies has seen an increase in price of chicken food, a need for replacement of batteries and motors for CDC traps which broke this summer and an increase in the use and price of dry ice for surveillance. Budget line item 7600.01.225 has a balance of $6,777.86; this Board Meeting approval is needed for CEU training in an amount not to exceed $12,000 therefore a budget line adjustment is needed. A balance of $14,900 is available for budget line item 8510.01.600 Research. Transferring $5,100 from budget line item 9000.01.225 Contingency Expense will take this balance to $20,000 which is the amount required for a research proposal for Dr. Drees.
Staff Recommendation:
Staff recommends that the Board
approve Resolution 2008-01.
Fiscal Impact:
|
Account |
Description |
Existing Balance December 31, 2007 (Including Encumbrances) |
Transfer |
New Balance |
|
6095.01.225 |
Professional Fees |
($2,294.81) |
$40,000.00 |
$37,705.19 |
|
7600.01.225 |
Staff Training |
$6,777.86 |
$12,000.00 |
$18,777.86 |
|
8510.01.600 |
Research |
$14,900.00 |
$5,100.00 |
$20,000.00 |
|
9000.01.225 |
Contingency Expense |
$850,000.00 |
$(57,100.00) |
$792,900.00 |
|
7550.01.400 |
Lab Supplies |
$471.85 |
$10,000.00 |
$10,471.85 |
|
7550.01.220 |
Bio Control Lab Supplies |
$20,733.12 |
$(10,000.00) |
$10,733.12 |