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Regular Agenda Item 3. D.

Regular BOS Meeting

Meeting Date:	03/10/2020
Submitted By:	Maryn Belling, Budget Manager
Department:	Finance
Fiscal Year:	2019	Budgeted?:	Yes
Contract Dates Begin & End:	through 6/30/2019	Grant?:	No
Matching Requirement?:	No	Fund?:	New

Information

Request/Subject

Approve budgeted and unbudgeted fund transfers from FY 2019.

Background Information

During the course of routine business, the Finance Department prepares fund transfers. The Finance Department shall bring forth each year the transfers for the Board's review, discussion and approval to remain compliant with A.R.S. § 42-17106.

A.R.S. § 42-17106. Expenditures limited to budgeted purposes; transfer of monies. A. Except as provided in subsection B, a county, city or town shall not: 1. Spend money for a purpose that is not included in its budget. 2. Spend money or incur or create a debt, obligation, or liability in a fiscal year in excess of the amount stated for each purpose in the finally adopted budget for that year, except as provided by law, revenue in excess of that amount required to meet expenditures, debts, obligations and liabilities that are incurred under the budget. B. A governing body may transfer monies between budget items if all of the following apply: 1. The monies are available. 2. The transfer is in the public interest and based on a demonstrated need. 3. The transfer does not result in a violation of the limitations prescribed in article IX, sections 19 and 20, Constitution of Arizona. 4. A majority of the members of the governing body votes affirmatively on the transfer at a public meeting.

Evaluation

A.R.S. § 42-17106 requires the Board of Supervisors, by majority vote, to approve the budgeted and unbudgeted funds transfers at a public meeting.

Conclusion

In order to be compliant with A.R.S. § 42-17106, the Finance Department requests the Board approve the inter-fund budgeted and unbudgeted transfers for FY 2019.

Recommendation

Staff recommends approval.

Suggested Motion

Information/Discussion/Action to approve the budgeted and unbudgeted inter-fund transfers for FY2019. (Maryn Belling)

Attachments
Schedule D from 2018 and 2019 Adopted Budgets
ARS 42-1710