RECOMMENDATION(S):
APPROVE Appropriations and Revenue Adjustment No. 5039 to authorize increased revenue and appropriations in the amount of $14,770,730 in the Health Services Department, Hospital Fixed Assets, to rebudget previously approved building projects and capital equipment.
FISCAL IMPACT:
This appropriation adjustment increases the Fiscal Year 2012-2013 budget for the Health Services Department by $14,770,730 million. These funds are being provided through 2% Grants & Donations, 9% Enterprise Fund Balance, 13% Federal, 77% Miscellaneous Hospital Revenue. No County match is required, however County General Fund subsidy is being transferred from the main Hosptial budget unit to the Fixed Asset budget unit to properly reflect where the expenses will be charged.
BACKGROUND:
The Health Services Department is requesting that exenditures and revenue be appropriated for previously approved building projects and capital equipment. These adjustments will provide the necessary budget for thirteen projects.
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