Title
Resolution for the Allocation and Interfund Transfer of Unexpended 2017 Budget Authority to the Equipment Reserve Fund.
Body
Recommended Action: Adopt the resolution.
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 2017 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 $644,910
General Fund Radio tower ice shields $98,550
General Fund DA space needs $24,000
Total: $767,460
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, any residual balances will be returned to the funds the monies are transferred from.
Legal Considerations: State budget law (K.S.A. 19-119) allows for the interfund transfer of monies to the Equipment Reserve Fund via resolution.
Policy Considerations: N/A