File #: File ID 10849    Version: 1 Name:
Type: Agenda Item Status: Approved
File created: 10/11/2019 In control: County Administrator
On agenda: 11/5/2019 Final action: 11/5/2019
Title: Allocation of Unreserved Fund Balance Staff recommends approval to allocate funding and expenditure authority from the unreserved fund balance of the fiscal year ending 2018/19 for the following uses: 1. $10 million for local road repair for this year's Pay-As-You-Go pavement repair and rehabilitation program; 2. $15 million for the Facility Renewal Fund, earmarked for the purpose of fa?ade repair, asbestos abatement and fire safety improvements in downtown County buildings; and 3. $2 million to the Parks Renewal Fund for various repair, rehabilitation and replacement of park and recreation facilities in existing County parks.
Attachments: 1. CA_AllocationofUnreservedFundBalance

Title

Allocation of Unreserved Fund Balance

Staff recommends approval to allocate funding and expenditure authority from the unreserved fund balance of the fiscal year ending 2018/19 for the following uses:

1.                     $10 million for local road repair for this year’s Pay-As-You-Go pavement repair and rehabilitation program;

2.                     $15 million for the Facility Renewal Fund, earmarked for the purpose of façade repair, asbestos abatement and fire safety improvements in downtown County buildings; and

3.                     $2 million to the Parks Renewal Fund for various repair, rehabilitation and replacement of park and recreation facilities in existing County parks.