Vote: adopted

Item Text

10. GRANT FUND MID YEAR RECONCILIATION FY 2010 Pursuant to A.R.S. 42-17106, approve appropriation adjustments resulting in net increases to revenue and expenditures of $2,086,929 in the FY 2009-10 Sheriff's Office (500) Grant Fund (251) operations (0000) budget. Approval of this item will result in an overall special funds appropriation of $7,472,605 for revenues and expenditures in Fund (251). Grant revenues are not local revenues for the purpose of constitutional expenditure limitation, and therefore, expenditure of these revenues is not prohibited by the budget law. This budget adjustment does not alter the budget constraining the expenditures of local revenues duly adopted by the Board pursuant to A.R.S. 42-17105. Approval of this item allows reconciliation of budgeted to actual awards and aligns expenditure and revenue for the current fiscal year. The Sheriff's FY 2009-10 indirect costs rate is 16.6%. The total indirect cost base on this adjustment is $224,295. $1,862,634 of this funding is for capital equipment items, thus resulting in indirect costs totaling $37,232.97. These costs are unrecoverable. The Sheriff's Office presents a mid-year grant fund reconciliation annually. (C-50-10-090-2-00)