BOARD MEETING DATE: May 10, 1996
AGENDA NO.16
REPORT:
FY 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, reallocations of budgeted funds, or budget corrections. These transfers move funds to the appropriate accounts and do not require additional appropriations.
COMMITTEE:
Not applicable.
RECOMMENDED ACTION:
Approve the FY 1995-96 budget transfers itemized below.
James M. Lents, Ph.D.
Executive Officer
PHP:CW
Background
In December 1995 the AQMD participated in the issuance of Pension
Obligation Refunding Bonds to refinance the unfunded accrued actuarial
liability for retirement benefits. The retirement benefits expenditure
savings in FY 1995-96 will be used to make the first installment
payment for the bonds. A transfer of a portion of each office/division's
Retirement Benefits account to the District General Interest Expense
account is required.
Since our last Board-approved FY 1995-96 budget transfer, two
additional 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.
Funds were included in the FY 1995-96 fixed asset budget to replace
ten digital data loggers. The cost of each digital data logger
no longer qualifies the item as a fixed asset. Funds need to be
transferred from Fixed Assets to the Laboratory Supplies account
in the Services and Supplies Major Object.
Funds were included in the FY 1995-96 overtime account for staff
to scan all new Governing Board and Hearing Board documents and
all previous documents of both boards back to 1991. Because of
staff workload it is necessary to have the work performed by temporary
agency services. Funds need to be transferred from the Salary
and Benefits Major Object Overtime account to the Temporary Agency
Services account in the Services and Supplies Major Object.
Proposal
From To Amount From To $ Acct Acct Governing Board Governing Board 50,000 745 700 Executive Office District General 2,591 710 795 District Prosecutor District General 10,790 710 795 District Counsel District General 7,868 710 795 Finance District General 11,854 710 795 Public Advisor District General 6,854 710 795 Technical Support Services District General 2,752 710 795 Admin & Human Resources District General 16,754 710 795 Clerk of the Boards District General 1,741 710 795 Clerk of the Boards Clerk of the Boards 5,000 701 746 Applied Science and Tech District General 44,706 710 795 Applied Science and Tech Appl Sci & Tech 16,000 900 805 Planning, Transp & Info Mgmt District General 1,371 710 795 Planning and Policy District General 25,450 710 795 Information Management District General 17,288 710 795 Transportation District General 15,007 710 795 Public Affairs District General 988 710 795 News Bureau & Special Projects District General 2,822 710 795 Legislative Office District General 1,314 710 795 Technology Advancement District General 8,038 710 795 Stationary Source Compliance District General 130,822 710 795