5a. 2007 year end budget adj - Laserfiche WebLink

CASSCOUNlY GOVERNMENT ..I.. Auditor Michael Montplaisir, CPA 701-241-5601 Treasurer Charlotte Sandvik 701-241-5611 Director of Equalization Frank Klein 701-241-5616 Box 2806 211 Ninth Street South Fargo, North Dakota 58103 Fax 701-241-5728 www.casscountynd.gov December 7, 2007 RECEIVED DECi_ 7 20011 Board of County Commissioners County of Cass 211 9th St S Fargo ND 58103 CABS 000NTv COMMISSION Re: 2007 Budget Adjustments Dear Commissioners: During the year we become aware of accounts that are going to be overspent for one reason or another, unless they are unusual items that need immediate commission actions we normally wait until the last meeting of the year to make budget adjustments. Normally adjustments are only made if the fund and/or department are going to go over their budget in total, normally we do not adjust individual line items when one line item is over budget and another line item is under budget. There are several cases where we need to make adjustments to the 2007 budget: General Fund: County Commission Operations: Expenditure Budget $65,000 The original operating budget included a transfer of 115,000 to the 911 Fund, we need an additional 65,000 transfer to cover the short fall in the 2007 budget as well as the 16,145 that was reimbursed to the City of Fargo and the City of West Fargo for Integra payments made to Cass County in error. In 2008 we have budget for a transfer of $180,000 this will probably be reduced as a result of the City of West Fargo joining the regional dispatch center which will reduce our share of the costs from 15% to 10.5%. County Road Fund: Revenues Budget $2,249,579 Expenditure Budget $2,600,000 Both revenues and expenditure budgets need adjustment as a result of the funding process on the Tharaldson Ethanol Plant. In early 2007, a decision was made to proceed with construction of a previously unplanned County Highway project necessary to support the ethanol plant. An agreement was made with the developer to fund the majority of the cost of the project. The design and construction contract costs associated with the project were approximately 2, 600,000. In accordance with the agreement, the developer reimbursed the county for $2,249,579. These expenditures and revenues were unanticipated with the budget'was originally approved in 2007.