Vote: adopted

Item Text

58. EXPENDITURE BUDGET ADJUSTMENT Pursuant to A.R.S. §42-17106(b), approve the transfer of expenditure authority, from Non-Departmental (470) Non-Grant Fund (249) Non-Recurring Non-Project (0001) Reserved Contingency item "Potential Expenditures from Fund Balance" to Materials Management (730) Reprographics Fund (673) Non Recurring Non Project (0001). This action will require an expenditure appropriation adjustment decreasing the FY 2008-09 Non Departmental (470) Non Departmental Grant Fund (249) Non Recurring Non Project (0001) expenditure budget by $53,380 and increasing the FY 2008-09 Materials Management(730) Reprographics Fund (673) Non Recurring Non Project (0001) expenditure budget by $53,380. Reprographics FY2009 adopted budget is not structurally balanced, and does not assume full cost recovery. A price increase to fully recover costs will be implemented in FY2010. Approval of this action will allow the utilization of the Materials Management Reprographics Fund Balance for expenses incurred in FY 2008-09, including implementation of market study increases, which had been postponed in FY2008. Reprographics total fund balance as of the close of FY2008 is $973,938, of which $471,306 is unreserved. (C-73-09-089-2-00)