Title
Resolutions for the Allocation and Interfund Transfer of Unexpended 2018 Budget Authority to the Equipment Reserve Fund and Capital Improvement Fund.
Body
Recommended Action: Adopt the resolutions.
State budget law (K.S.A. 19-119) allows for the interfund transfer of monies to the Equipment Reserve Fund via resolution. The Equipment Reserve Fund may be used for the acquisition of equipment, machinery, vehicles, computer hardware, software, software design and implementation, or personal property.
Based on projected 2018 year-end budget authority balances and organization needs, the projects requested for transfer to the Equipment Reserve Fund are:
|
Fund Transferred from |
Project |
Amount |
|
Fleet Management Fund |
Ambulances |
$462,878 |
|
General Fund |
Emergency Operations Center Upgrades |
$13,031 |
|
General Fund |
Compact Excavating Equipment |
$180,000 |
|
General Fund |
CAD Transfer (2nd transfer in 2018) |
$1,000,000 |
|
General Fund |
Axon Body Cameras |
$200,000 |
Total: $1,855,909
State law (K.S.A. 19-120) permits the Board of County Commissioners to establish a capital improvement fund to finance the public improvement and infrastructure needs of the county on a prioritized basis, which includes repair, restoration and rehabilitation of existing public facilities and machinery. The same provisions authorize monies to be transferred to such fund, from any source, which may be lawfully utilized for such purposes.
Based on projected 2018 year-end budget authority balances and organization needs, the project requested for transfer to the Capital Improvement Fund is:
|
Fund Transferred from |
Project |
Amount |
|
General Fund |
Capital Improvement Fund - CIP Reserve |
$5,254,892 |
Total: $5,254,892
Alternatives:
Do not approve the interfund transfers.
Financial Considerations:
The requested action will transfer the funds specified to appropriate fund centers in the funds identified above. Upon completion of the projects in the Equipment Reserve Fund, any residual balances will be returned to the funds the monies are transferred from. For the Capital Improvement Fund, residual balances, if any, may be returned to the fund from which they originated.
Legal Considerations:
K.S.A. 19-119 permits the County to establish an Equipment Reserve Fund for the purposes stated in that statute. Monies may be transferred into said fund via resolution if said monies may be lawfully utilized for the purposes of the Equipment Reserve Fund.
K.S.A. 19-120 permits the County to establish a Capital Improvement Fund to finance the public improvement and infrastructure needs of the County. The County has created such fund and the same statute authorizes budgeted transfer of monies from other county funds lawfully available for improvement purposes to the CIP fund.
A simple majority vote is required.
Policy Considerations:
N/A