BOARD MEETING DATE: March 8, 1996

AGENDA NO. 9

Report:

Fiscal Year 1995-96 Budget Transfer

Synopsis:

It is the Board's policy for staff to periodically bring to the Board all necessary budget transfers occurring during the fiscal year. Budget transfers are the result of Board actions, further definition of programs approved in the budget, reorganizations, or budget corrections. These transfers move funds to the appropriate accounts and do not require additional appropriations.

Committee:

Not applicable.

Recommended Action:

Approve the Fiscal Year 1995-96 budget transfers itemized below.

PHP:CW

Attachment

In July 1995 AQMD Administrative Policy and Procedures No. 20, Fixed Assets, was revised. Fixed assets are now generally defined as assets which have a life of at least three years and a significant value of at least $1,500. The Fiscal Year 1995-96 budget adopted in May 1995 includes several items that no longer meet the fixed asset definition. As a result of the policy revision, the funds for budgeted fixed asset items #4, 5, 6, 7, 10, 11, 12, 13, 14, 15, 18, 20, 41, 46, 47, 55, 56, and 60 should be moved from the Fixed Asset account (account #900) to the Office Expense account (account #815) and the budgeted funds for fixed asset items #29 and 31 should be moved to the Lab Supplies account (account #805).

Three Governing Board member assistants have been identified as contract AQMD employees. Funds budgeted for their services need to be moved from the Professional and Special Services account to the Salary account.

Technical Support Services requests that $1,000 be transferred from their Overtime account to their Film account for film used for publicity photos, AQMD publications, and employee awards and events.

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Fiscal Year 1995-96 Budget Transfers

                                         Total      From         To           
Division                                 Amount     Account #    Account #    
------------------------------------------------------------------------------


Executive Office                          $800         900          815 

Finance                                   $650         900          815 

Technical Support Services              $8,600         900          815 

Administrative and Human Resources      $7,600         900          815 

Applied Science and Technology         $16,300         900          815 

Applied Science and Technology          $7,500         900          805 

Information Management                 $37,640         900          815 

Stationary Source Compliance            $3,750         900          815 

Governing Board                        $72,880         745          700 

Technical Support Services              $1,000         701          835