To: Martin L. Cousineau, Finance Committee Chairperson
From: Chrystal Simpson, CFO
title
RE: Approval of a proposed budget amendment to 2023-2024 Appropriations Resolution for various line items as described in the attached budget adjustment request.
recommendation
BOARD ACTION REQUESTED:
The Office of Fiscal Services is requesting the attached budget amendments to update the fiscal year ending September 30, 2024, budget.
BACKGROUND:
Periodically throughout the fiscal year, amendments are needed to align budget as additional information is available to determine projected actual costs.
DISCUSSION:
These adjustments are needed to adjust revenue and expenditure accounts to reflect actual activity for the fiscal year.
IMPACT ON HUMAN RESOURCES:
None.
IMPACT ON BUDGET:
? Reallocation of GCCARD grant budgets to reflect current trends.
? Amendment for CSA charges to match allocation revenues.
? Amendment to Arrowhead budget for purchase of equipment with rollover funding.
? Amendment to contractual educational reimbursement for current trends.
? Amendment to ROD budget to account for prepaid expenses.
? Amendment to ROD Technology fund to match actuals.
? Amendments across Parks budgets to match actual activity establish new activity budgets and adjust to current trends.
IMPACT ON FACILITIES:
None.
IMPACT ON TECHNOLOGY:
None.
CONFORMITY TO COUNTY PRIORITIES:
Monitoring of Budget to Actual is a function of long-term financial stability
resolution
TO THE HONORABLE CHAIRPERSON AND MEMBERS OF THE GENESEE COUNTY BOARD OF COMMISSIONERS, GENESEE COUNTY, MICHIGAN
LADIES AND GENTLEMEN:
BE IT RESOLVED, by this Board of County Commissioners of Genesee County, Michigan, that the request by the Chief Financial Officer to authorize multiple budget amendments to the FY24 budget, said amendments being fully described in the memorandum request, is approved (a copy of the memorandum request and supporting documents being on file ...
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