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Agenda 09/09-10/2008 Item #16F(2)G ------:-~------ EXECUTIVE SUMMARY SEP 0 G 200B i"g = I l;,..t- ~_.- .-..- ~-- .-0- Approve a budget amendment transferring $66,000 of General Fund reserves to the Other General Administration cost center. OBJECTIVE: Approve a budget amendment transferring $66,000 of General Fund reserves to the Other General Administration cost center. CONSIDERATIONS: The Other General Administration cost center needs to increase the budget for Unemployment Compensation in order to pay claims. Based upon historical experience, $56,000 was budgeted for FY -2008. The budget shortfall is the result of a reduction in work force and the subsequent unemployment claims. At the current number of unemployment claims $66,000 will be necessary to cover remaining FY -2008 expenditures. Approval of this document by the County Manager is subject to formal ratification by the Board of County Commissioners. If the decision by the County Manager is not ratified by that Board, this document shall be enforceable against Collier County only to the extent authorized by law in the absence of such ratification by that Board. (- FISCAL IMPACT: Funds totaling $66,000 will be made available by decreasing General Fund Reserve for Contingencies. GROWTH MANAGEMENT IMPACT: There is no growth management impact. RECOMMENDATION: That the Board of County Commissioners approves this executive summary and the attendant budget amendment in order to allow for the processing of Unemployment Compensation claims. Prepared By: Derek M. Johnssen, General Accounting Manager, Department of Finance and Accounting N~GENDA ITEM 1 ' i# f,;<,1i , .' . ~ .,+;-) Approve a budget amendment transferring $66,000 of General Fund resttf.'" In the Other Gene al Administration cost center. ~"" .. ...c.~, Prepared By: Department Office of Management and Budget Date 8/26/20089:45:12 AM Approved By: Department Approval Date County Approved Manager's Office 8/26/2008 2:38 PM ATTACHMENTS: Name: I) Executive Summary $66000.odf Description: Type: Executive Summary Executive Summary ( .-'