TO: BOARD OF SUPERVISORS
FROM: General Services Agency
MEETING DATE: July 23, 2024
DEPARTMENT CONTACT:
Tim Hallman
PHONE:
707-234-6037
ITEM TYPE: Consent Agenda
TIME ALLOCATED FOR ITEM: N/A
AGENDA TITLE:
title
Approval of Appropriation Transfer of Funds from Fund 1100 Line Item 770079 Designated Reserve for COP Related Projects by $1,500,000 to Fund 1100, Org Code ND, Increasing Line Item ND-827802 (Operating Transfer In) by $1,500,000, Transfer of Funds from Fund 1100, Org Code ND, to Fund 1300, Org Code CP, Increasing Line Item ND-865802 (Operating Transfer Out) by $1,500,000 for Fiscal Year 2023/24
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RECOMMENDED ACTION/MOTION:
recommendation
Approve appropriation transfer of funds from Fund 1100 Line Item 770079 Designated Reserve for COP Related Projects by $1,500,000 to Fund 1100, Org Code ND, increasing Line Item ND-827802 (Operating Transfer In) by $1,500,000, transfer of funds from Fund 1100, Org Code ND, to Fund 1300, Org Code CP, increasing Line Item ND-865802 (Operating Transfer Out) by $1,500,000 for Fiscal Year 2023/24; and authorize Chair to sign same.
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PREVIOUS BOARD/BOARD COMMITTEE ACTIONS:
Board of Supervisor Meeting February 8, 2022 Item 4A - Adoption of Resolution Declaring Mendocino County's Intent to use Proceeds of Indebtedness to Reimburse Itself for Expenditures Related to the Jail Expansion Project. Pursuant to Section 1.150-2 of the Code of Federal Regulations (CFR), the County may use debt proceeds to reimburse expenditures by making an official declaration. The proposed Resolution declares the County's intent to use debt proceeds to finance costs associated with the Jail Expansion Project, including construction costs and costs for other improvements and equipment. Debt obligations are not currently anticipated to exceed $4,000,000. Costs associated with the Jail Expansion Project will initially be covered by General Reserves, and General Reserves will be reimbursed at time of bond issuance
Board of ...
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