COUNTY ADMINISTRATION OFFICE - R. ESPINOSA

Approve end of year budget adjustments/transfers for multiple items in FY19/20. (4/5 vote required)

SBC FILE NUMBER: 865

The adopted budget for fiscal year 2019/2020 included appropriations for various expenditures/revenues. The attached end of year budget adjustment/transfers recognize the following transactions that will be completed by fiscal year end:

• Jail/Juvenile Hall Impact Fee Fund Transfer - The estimated end of year fund balance is approximately $2,322,934 (schedule provided in attached documents) in the Jail/Juvenile Hall Impact Fee fund. It is recommended that a transfer is completed by year end to reimburse the general fund for transfers that were completed in FY17/18 ($400,000) and FY18/19 ($1,445,394) for construction costs of the New Jail. The total transfer to reimburse the general fund is $1,845,394. An additional amount of $5,000 is recommended as an increase to budgeted appropriations under the Debt Servicing Fund (370) for bank and trust fees. The debt servicing is related to the Certificates of Participation (COP's) issued by the County in 2019 for the New Jail construction project. The board has budgeted for all debt servicing costs to be paid for through Jail and Juvenile Hall Impact Fees.
  
  
• Traffic Impact Fee Fund Transfer and expenditure appropriation in the Road Fund - The Santana Ranch Development agreement included provisions for road improvements on Fairview Road (County owned). Reimbursement through traffic impact fees was included in the approved agreement by the Board of Supervisors to reimburse the developer for improvements which benefit the general public paid for by the developer. The County has received a request for reimbursement for construction costs related to the Phase A road construction (invoice and schedule of costs attached). A transfer of funds, that will be covered by current year revenues, from the Traffic Impact Fee Fund (287) to the Road Fund (210) is recommended. Additionally, an appropriation increase for the accrued expenditure that will be recognized before year end (June 30th, 2020) is also recommended.

The adjustments are reflected in the attached budget augmentation forms including schedules outlining the costs and available cash balances. Any questions regarding this item can be forwarded to the County Budget Officer, Stewart Patri at spatri@cosb.us or the Administration Office 831.636.4000.