TITLE
SUBSTITUTE: 2023 Year End Appropriation Resolution to amend the 2023 Adopted Operating Budget by appropriating a net amount of $1.9 million from the General Fund contingent reserve and direct appropriations to agency budgets, making transfers of appropriations within agency budgets, and amending the 2023 Capital Budget to appropriate funding and transfer funds across projects.
FISCAL NOTE
The proposed resolution amends the 2023 Adopted Operating and Capital Budgets in order to make adjustments within various agency budgets and capital projects.
The resolution proposes the following transfers from direct appropriations, intra-departmental transfers, changes to inter-departmental billings and charges, transfers and revenues adjustments to non-general fund agencies, and changes to capital projects.
Contingent Reserve and Agency Deficits
The year-end appropriation transfers $687,480 from the contingent reserve to multiple general fund agencies to cover projected deficits in various expenditure categories. The 2023 Adopted Operating Budget includes $1,900,000 for contingent reserve, which is budgeted in Direct Appropriations. These adjustments are proposed in agencies where there is insufficient funding within the agency budget to cover the deficit solely through intra-agency transfers.
Compensated Absence Escrow
The resolution seeks approval to authorize $1,175,150 in transfers from Direct Appropriations to agency budgets to cover projected deficits related to the cost of compensated absence escrow. The 2023 Adopted Operating Budget includes $4,000,000 for sick leave escrow payments made from the General Fund. Through the 3rd Quarter, $2,557,562 has been paid out by General Fund agencies. This resolution recommends transferring funds to Attorney, Employee Assistance Program (EAP), Fire, and Streets, where the compensated absence escrow amount is contributing to a deficit in the agency’s salary budget.
Intra-Agency Transfers (General Fund Agencies)
The re...
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