COUNTY OF ALBEMARLE
Requested FY2007 Appropriation
Request approval of Appropriation #2007089 totaling $48,400.37 for various school programs.
Messrs. Tucker, Foley, Davis, Breeden, Wiggans
LEGAL REVIEW: Yes
August 1, 2007
ACTION: X INFORMATION:
The Code of Virginia § 15.2-2507 stipulates that any locality may amend its budget to adjust the aggregate amount to be appropriated during the fiscal year as shown in the currently adopted budget. However, any such amendment which exceeds one percent of the total expenditures shown in the currently adopted budget must be accomplished by first publishing a notice of a meeting and holding a public hearing before amending the budget. The Code section applies to all County funds, i.e., General Fund, Capital Funds, E911, School Self-Sustaining, etc.
In the past, Code of Virginia § 15.2-2507 required a budget amendment public hearing when the amendment exceeded one percent of the total expenditures shown in the currently adopted budget or the sum of $500,000, whichever is lesser. Effective July 1, 2007, this code section was amended removing the “or the sum of $500,000 whichever is lesser” from this requirement, therefore, a budget amendment public hearing will only be required after the cumulative appropriations exceed one percent of the currently adopted budget.
The total of this requested FY 2007 appropriation is $48,400.37. A budget amendment public hearing will be required if future additional cumulative appropriations exceed one percent of the currently adopted budget.
Goal 5. Develop a comprehensive funding strategy/plan to address the County’s growing needs.
This request involves the approval of one (1) new FY 2007 appropriation as follows:
A detailed description of this appropriation is provided on Attachment A.
Staff recommends approval of the FY 2007 Appropriation #2007089.
A – Proposed Appropriation
Return to consent agenda
Return to regular agenda