Resolution No. 514

 

Supervisor ARGOTSINGER offered the following Resolution and moved its adoption:

RESOLUTION TO CLOSEOUT TRANSFER TO CAPITAL APPROPRIATION

WHEREAS, Resolution 80 of 2019 authorized a Resolution Appropriating Reserve Funds in the amount of $1,602,338.00 to Certain 2019 Capital Projects; and

WHEREAS, the Budget Director/County Auditor recommends transferring balances remaining in the Transfer to Capital Plan account to the corresponding capital projects accounts and move unused funding back to original funding source; and

WHEREAS, the Fulton County Sewer-Village of Mayfield Project in the 2019 Capital Plan has a balance that can be released; now, therefore be it

RESOLVED, That the County Treasurer be and hereby is directed to make the following transfer:

From:   A-0909 - Unreserved Fund Balance                                         

To:       A-0883.0800 - Capital Improvements Reserve

Sum:    $282,240.00

and, be it further

RESOLVED, That upon the recommendation of the Committee on Finance and Budget Director/County Auditor, the 2019 Adopted budget be and hereby is amended, as follows:

Decrease A.1000.0511-0511 - REV - Appropriated Reserve                                   $282,240.00

Appropriation

Decrease A.1000.9950-9000.1200 - EXP- Capital Improvements Reserve   $282,240.00

and, be it further

RESOLVED, That the County Treasurer and Budget Director/County Auditor do each and every other thing necessary to further the purport of this Resolution; and, be it further

RESOLVED, That certified copies of this Resolution be forwarded to the County Treasurer, Planning Director, Budget Director/County Auditor and Administrative Officer/Clerk of the Board.

Seconded by Supervisor YOUNG and adopted by the following vote:

TOTAL:  Ayes: 19   Nays: 0   Absent: 1 (Supervisor Waldron)