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Consent item. <br />BUDGET AMENDMENT: <br />Date: 5/10/2010 Amount: $70,000 <br />Dept. Head: Susan Fearrington Department: Justice Center Construction <br />^ Internal Transfer Within Department^ Transfer Between Departments/Funds 0 Supplemental Request <br />Purpose: <br />The original budget for the interest earnings on the Justice Center Housing Unit was estimated too high. Interest has been earned during the <br />past few months at an average of $900. With only six months remain for construction, the interest account will be over estimated by $70,000. <br />This budget amendment reduces the interest earnings account with a reduction in the Contingency expenditure line item and an increase in the <br />Contribution to the General Fund of $287.38 for interest that is earned through bond proceeds and earmarked for debt service payments by the <br />County's trustee Regions Bank. <br />Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget <br />34262132-6705 Interest 2008C $404,961.00 $70,000.00 $334,961.00 <br />34292132-9660 Contingency $600,000.00 $70,287.38 $529,712.62 <br />34292132-9704 Contr to Gen Fund $404,961.00 $287.38 $405,248.38 <br /> Total <br />F-7 Page 111 <br />