Agenda

Return

C. 15

To:	Contra Costa County Fire Protection District Board of Directors
From:	Lewis T. Broschard III, Chief, Contra Costa Fire Protection District
Date:	April 28, 2020

Contra

Costa

County

Subject:

Appropriation and Revenue Adjustment - Fire Station 70 Construction

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 04/28/2020

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Diane Burgis, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor

Contact:

Jackie Lorrekovich, Chief Admin Svcs (925) 941-3300

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: April 28, 2020
David Twa,

BY:	, Deputy

RECOMMENDATION(S):

APPROVE Appropriation and Revenue Adjustment No. 005058 authorizing the transfer of fund balance in the amount of $10,000,000 to the CCCFPD Capital Construction Fund (7025) from the CCCFPD General Operating Fund (7300) for the Fire Station 70 capital construction project.

FISCAL IMPACT:

100% CCCFPD General Operating Fund Balance. The Contra Contra County Fire Protection District will continue to meet is 10% reserve requirement.

BACKGROUND:

On July 9, 2019, the Fire Board of Directors (Board) adopted Resolution No. 2019/1 establishing the "CCCFPD Capital Construction Fund" within the County Treasury. On the same date, the Board authorized the County Auditor-Controller to transfer $10 million from the CCCFPD General Operating Fund (Fund No. 202000) to the new CCCFPD Capital Construction Fund (Fund No. 202500). This was a planned transfer intended to partially fund the construction of a new Fire Station 70 in the City of San Pablo.

BACKGROUND: (CONT'D)

Both actions were taken -- i.e., the new fund was established and the County Auditor-Controller transferred $10 million from the CCCFPD General Operating Fund to the new CCCFPD Capital Construction Fund.

The action today properly adjusts the Board-approved budgets of both funds to account for the transfer in/out. That is to say, it increases expenditures within the CCCFPD General Operating Fund by $10 million and increases revenue in the CCCFPD Capital Construction Fund by $10 million. The net result to total District funds available is zero until the funds are spent on capital construction. It is anticipated that the full $10 million will be spent on Fire Station 70 construction by the end of FY 2020-21.

CONSEQUENCE OF NEGATIVE ACTION:

This action is needed to properly account for the transfer of fund balance from the CCCFPD General Operating Fund to the CCCFPD Capital Construction Fund.