BUDGET AMENDMENT REQUIRED:
<br />Yes
<br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS:
<br />This item was approved by the Board for inclusion on the Agenda as a
<br />Consent item.
<br />BUDGET AMENDMENT:
<br />Date: 4/24/2014
<br />Dept.
<br />Head: Susan Fearrington, Asst. Finance Director
<br />"Internal Transfer Within Department
<br />pSupplemental Request
<br />Purpose:
<br />This budget amendment adjust appropriations of revenues and expenditures for multi -year funds based on estimates and actual
<br />history of transactions that have occurred in the funds. Each year the multi -year fund budgets and Project Ordinances are
<br />evaluated and updated through budget amendments and revised Project Ordinances that are presented to the Board of
<br />Commissioners for approval. Adjustments this year are related to interest earnings, collection of deferred tax collections for
<br />properties that are no longer eligible for the farm use exemption, collections of Register of Deeds automation fees, collections of
<br />NC Substance Control funds, collection of firing range revenues, and donations made to the Department of Aging Fund.
<br />Account
<br />Number
<br />Account
<br />Name
<br />Approved
<br />Budget
<br />Inc
<br />Amount
<br />Dec
<br />Amount
<br />Revised
<br />Budget
<br />45067220 -6701
<br />Interest on Invest
<br />$286,142.00
<br />$21,000.00
<br />$307,142.00
<br />45097220 -9821
<br />Bldg & Renovations
<br />$1,144,136.49
<br />$21,000.00
<br />$1,165,136.49
<br />$0.00
<br />45194515 -9830
<br />Other l mprovements
<br />$620,220.00
<br />.$100.00
<br />$620,120.00
<br />45164515 -6701
<br />Interest on Invest
<br />$95,299.00
<br />.$100.00
<br />$95,199.00
<br />$0.00
<br />46060000 -6023
<br />Deferred Tax Coll
<br />$350,000.00
<br />$175,000.00
<br />$525,000.00
<br />46060000 -6024
<br />Deferred Tax Interest
<br />$50,000.00
<br />$25,000.00
<br />$75,000.00
<br />46060000 -6701
<br />Interest on Investment
<br />$0.00
<br />$1,500.00
<br />$1,500.00
<br />46090000 -9830
<br />Other Improvements
<br />$400,000.00
<br />$201,500.00
<br />$601,500.00
<br />$0.00
<br />46061510 -6701
<br />Interest on Investment
<br />$30,206.00
<br />$2,994.00
<br />$33,200.00
<br />46091510 -9342
<br />Minor Tech Equip
<br />$15,000.00
<br />$2,994.00
<br />$17,994.00
<br />$0.00
<br />46061610 - 6501 -0258
<br />Reg of Deeds Auto Fees
<br />$983,643.00
<br />$125,000.00
<br />$1,108,643.00
<br />46091610 -9407
<br />Automation Expense
<br />$1,098,450.00
<br />$125,000.00
<br />$1,223,450.00
<br />$0.00
<br />46162112 -6306
<br />NC Substance Control
<br />$321,193.00
<br />$16,000.00
<br />$337,193.00
<br />46162112.6701
<br />Interest on Investment
<br />$54,015.00
<br />$1,000.00
<br />$55,015.00
<br />46192112 -9838
<br />NC Substance Control
<br />$545,411.00
<br />$17,000.00
<br />$562,411.00
<br />$0.00
<br />Amoun
<br />t: $380,039
<br />Depart
<br />ment: Finance
<br />Transfer Between Departments /Funds
<br />F -3 Page 54
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