Vote: approved

Item Text

40. TRANSFER OF FUNDS FROM ENVIRONMENTAL SERVICES ENVIRONMENTAL HEALTH FUND (506) TO THE GENERAL FUND COUNTY IMPROVEMENT FUND (445) Approve and authorize a reduction in a non-recurring transfer of funds in the amount of $540,000 from Environmental Services Environmental Health Fund (506) to the General Fund County Improvement Fund (445) for the transfer of fixed assets L0000225 and B0000225A (Land and Office Building at 15023 N. 75th Street, Scottsdale) from General Fund use to Environmental Services use. The fund transfer was approved in the FY 2011 budget at $1,500,000. Approval of this item reduces the fund transfer to a total of $960,000. Also, decrease the FY 2010-11 Non Departmental (470) General Fund County Improvement Fund (445) Non-Recurring/Non-Project (0001) revenue appropriation by $540,000 and decrease the FY 2010-11 Environmental Services (880) Environmental Services Environmental Health Fund (506) Non-Recurring/Non-Project (0001) expenditure appropriation by $540,000 with offsetting revenue and expenditure adjustments in Eliminations (980) Eliminations Fund (900) Non-Recurring/Non-Project (0001). The Maricopa County-owned facility at 15023 N. 75th Avenue in Scottsdale (the Scottsdale Facility) is being vacated by the County Assessor’s Office as part of the County Assessor’s consolidation into Maricopa County-owned space within Maricopa County’s downtown Phoenix campus. The Scottsdale Facility can be made suitable for re-use by Environmental Services as a regional office. The Scottsdale Facility was recently appraised at $960,000 ($650,000 in land value and $310,000 in improvements). This Board action authorizes the transfer of funds in an amount of $960,000 from Environmental Services to the General Fund and authorizes reclassification of fixed assets L0000225 and B000225A from General Fund fixed assets to Environmental Services fixed assets. (C-18-11-025-2-00)