RECOMMENDATION(S):
APPROVE Fiscal Year 2018/19 Appropriation and Revenue Adjustment No. 5112 and AUTHORIZE new revenue in Special District CSA R-4 Moraga, Fund 275100, for property tax and assessment fees in the amount of $2,101, CSA M-1 Delta Ferry, Fund 247000, for property tax and assessment fees in the amount of $25,269 and CSA M-23 Blackhawk, Fund 249600, for property tax and assessment fees in the amount of $25,000, as recommended by the Public Works Director..
FISCAL IMPACT:
This action provides additional appropriations from unanticipated realized revenues in Special District Funds and budgets for expenditures for Fiscal Year 2018/19 (4% CSA R-4 Moraga, 48.3% CSA M-1 Delta Ferry and 47.7% CSA M-23 Blackhawk).
BACKGROUND:
This action appropriates unanticipated Fiscal Year 2018/19 revenue and provides adjustments to Special District Funds for estimated expenditures.
CONSEQUENCE OF NEGATIVE ACTION:
If not approved, expenditures will exceed current budgets in various Special District Funds.
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