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Agenda 07/28/2009 Item #16C 1Agenda Item No. 16C1 July 28, 2009 Page 1 of 2 EXECUTIVE SUMMARY Recommendation to approve a budget amendment to transfer an amount not to exceed $342,000 from Project No. 71058, "Initial Water Legal" to a new Project No. 70015, titled "General Legal Services ". OBJECTIVE: To approve a budget amendment to transfer an amount not to exceed $342,000 from Project No. 71058, "Initial Water Legal" to a new Project No. 70015, titled "General Legal Services ". CONSIDERATIONS: This project is included in the 2008 Wastewater Master Plan Update adopted by the Board of Collier County Commissioners on June 24, 2008, under Item 10(B) and is consistent with. the current FY 2009 Capital Improvement budget approved by the Board on September 18, 2008. The funds in this project can be utilized for more than one project. To comply with proper accounting practices and to ensure that these expenses are not capitalized, this project has to be reclassified into an operating category. A budget amendment is necessary to transfer funds from the existing project to a new project to properly classify this as an operating project. No new funds are requested for this transfer. This is simply a reclassification of a project to recognize proper accounting practices. FISCAL IMPACT: A Budget Amendment is necessary to transfer the existing budget from fund 412, project No. 71058, "Initial Water Legal" to a new project No. 70015, titled "General Legal. Services ", in the same fund for an amount not to exceed $342,000. LEGAL CONSIDERATIONS: No legal issues are raised by this item, which is ready for Board action. This is a regular matter requiring simple majority vote. GROWTH MANAGEMENT IMPACT: There is no growth management impact as a result of this budget amendment. RECOMMENDATIONS: Recommendation to approve a budget amendment to transfer an amount not to exceed $342,000 from Project No. 71058, "Initial Water Legal" to a new Project No. 70015, titled "General Legal Services ". Prepared by: Bala M. Sridhar, Senior Management and Budget Analyst, Public Utilities Operations. Page I of l Agenda Item No. 16C1 July 28, 2009 Page 2 of 2 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS Item Number: 16C1 Item Summary: Recommendation to approve a budget amendment to transfer an amount not to exceed $342,000 from Project No. 71058, Initial Water Legal to a new Project No. 70015, titled General Legal Services. Meeting Date: 7(2812009 9:00:00 AM Approved By Thomas Wides Operations Director Date Public Utilities Public Utilities Operations 7/1/2009 2:12 PM Approved By Jennifer A. Belpedio Assistant County Attorney Date County Attorney County Attorney Office 717/2009 2:03 PM Approved By James W. DeLony Public Utilities Administrator Date Public Utilities Public Utilities Administration 7/8/2009 8:54 AM Approved By OMB Coordinator County Manager's Office Approved By Susan Usher County Manager's Office OMB Coordinator Office of Management & Budget Senior Management/Budget Analyst Office of Management & Budget Date 7/9/2009 9:44 AM Date 711 612009 10:26 AM Approved By Leo E. Ochs, Jr. Deputy County Manager Date Board of County County Manager's Office 7H 6/2009 12:08 PM Commissioners fiIe://C:\AgendaTest \Export\ 133 -July %2028, %202009\ 16. %2000NSENT %20AG END A \1... 7/22/2009 . . ...................