Title
Joint resolution authorizing emergency appropriations for Fiscal Year (FY) 2023 for the Lake County Public Works Department in the amount of $12,503,697.26 for certain projects, items, and activities budgeted in the prior year and not completed, as well as other unforeseen needs.
Staff Summary
* Since adoption of the Fiscal Year (FY) 2023 budget, the Public Works Department has identified increased costs of certain capital expenditures, unforeseen regulatory compliance needs, as well uncaptured carryover opportunities from Fiscal Year 2022. The funds for these additional expenditures could not have been foreseen and appropriated in the FY 2023 budget.
* The value of additional funds is $12,503,697.26 and is itemized as follows: 1) increased cost of certain capital expenditures in the amount of $717,120.93, 2) unforeseen regulatory compliance needs in the amount of $1,379,206, and 3) uncaptured carryover opportunities from Fiscal Year 2022 in the amount of $10,407,370.33.
* Due to these events occurring after the County's 2023 budget development and subsequent approval, there is insufficient authority in the Public Works Department's FY 2023 operating budget; therefore, an emergency appropriation is required.
* This resolution authorizes an emergency appropriation in the amount of $12,503,697.26 to increase the budget during County Fiscal Year 2023 within the Public Works fund 615.
Body
RESOLUTION
WHEREAS, Lake County authorized funding for Lake County Public Works operations for Fiscal Year 2023 as part of the Lake County adopted budget; and
WHEREAS, the Public Works Department has identified increased costs of certain capital expenditures, unforeseen regulatory compliance needs, as well uncaptured carryover opportunities from Fiscal Year 2022; and
WHEREAS, the funds for these additional expenditures could not have been foreseen and appropriated in the Fiscal Year 2023 budget; and
WHEREAS, the value of additional funds is $12,503,697.26, and is ite...
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