Vote: adopted

Item Text

23. REDUCE FUND BALANCE DESIGNATION IN DETENTION OPERATIONS FUND AND INCREASE DESIGNATION IN GENERAL FUND Approve a reduction of $27,370,834 in the Designated fund balance for Future Capital Projects in the Detention Operations Fund (255), and the addition of a Designated fund balance for Future Capital Projects of $27,370,834 in the to the General Fund (100). The FY 2008-09 budget included an additional fund transfer of $27,370,834 in addition to the legally required maintenance of effort transfer from the General Fund to the Detention Operations Fund. The purpose of the transfer was to provide resources to respond to a significant increase in the County jail population due to potential actions by the State of Arizona. In the FY 2009-10 Adopted Budget, the estimated beginning fund balances in the General and the Detention Operations Funds assumed that this transfer would take place. However, the circumstances that would have required the fund transfer did not occur, and the fund transfer was not made. As a result, the undesignated unreserved beginning fund balance in the Detention Operations Fund is negative, and the corresponding balance in the General Fund is overstated. The requested action will correct these imbalances. (C-49-10-018-2-00)