Public Hearing: YES ☐ NO ☒ Department: Chief Executive Office
SUBJECT:
Title
Commission District(s): All
To Amend the Fiscal Year 2022 Operating Budget
Body
Information Contact: CEO Michael L. Thurmond
Phone Number: 404-371-2881
PURPOSE:
To amend the fiscal year 2022 operating budget.
NEED/IMPACT:
This amendment to the operating budget corrects a transcription error in the Development Fund budget; adopts budgets for the Kensington, Columbia Drive, and Druid Hills Tax Allocation Districts; increases revenue anticipations and expenditures for the Rental Motor Vehicle Tax Fund; and increases starting fund balance and expenditures for the Sanitation Operating Fund.
FISCAL IMPACT:
Increase appropriations for the Planning & Sustainability - Development Fund - Salaries by $176,096.
Decrease appropriations for Fund Reserves - Development Fund - Budgetary Reserve by $176,096.
Increase starting fund balance for the Kensington Tax Allocation District Fund by $965,999.
Increase appropriations for Fund Reserves - Kensington Tax Allocation District Fund - Budgetary Reserve by $965,999.
Increase starting fund balance for the Columbia Drive Tax Allocation District Fund by $794,197.
Increase appropriations for Fund Reserves - Columbia Drive Tax Allocation District Fund - Budgetary Reserve by $794,197.
Increase starting fund balance for the Druid Hills Tax Allocation District Fund by $3,178,195.
Increase appropriations for Fund Reserves - Druid Hills Tax Allocation District Fund - Budgetary Reserve by $3,178,195.
Increase revenue anticipations for the Rental Motor Vehicle Tax Fund by $250,000.
Increase appropriations for Rental Motor Vehicle Tax - Rental Motor Vehicle Tax Fund - Transfer to Designated Services Fund by $250,000.
Increase starting fund balance for the Sanitation Operating Fund by $44,201.
Increase appropriations for Sanitation - Sanitation Operating Fund - Other Miscellaneous Charges by $44,201.
RECOMMENDATION:
Recommended Action
To approve the resolution and authorize the chief executive officer to execute all necessary documents.