Subject:
Title
Resolution supplementing the Fiscal Year 2016 Building Services Fund Budget for unanticipated revenue.
label
Recommended Action:
Recommended Action
Adopt a resolution appropriating unanticipated revenue in the Fiscal Year 2016 (FY16) Building Services Fund budget.
Body
Strategic Plan:
Foster Continual Economic Growth and Vitality
4.1 Proactively attract and retain businesses with targeted jobs to the county
Deliver First Class Services to the Public and Our Customers
5.2 Be responsible stewards of the public’s resources
Summary:
This resolution recognizes the increased revenue and appropriates additional funds. Permit fee revenue exceeding budgeted amounts has been earned throughout FY16 as a result of increased building activity in the unincorporated area.
Background Information:
The County receives building permit revenues based on the quantity and type of permits requested throughout the year. Improved economic conditions drove increased permit volume (+6.6% Year To Date through August) and revenue. Actual permit revenue collected is more than $1,100,000 greater than budgeted permit revenue. Additional permit volumes increased the number of inspections by 7.2% Year To Date through August. This increased activity has yielded related expenses that exceed budgeted appropriations.
Fiscal Impact:
Approval of this resolution recognizes unanticipated revenue in the amount of $450,000 in the Building Services Fund and increases the FY16 budget for Building Services by $450,000. This amendment is consistent with the FY16 estimate for revenue and Personal Services expenses submitted during the FY17 budget development process. The amendment is not inconsistent for contractual services and capital outlay expenses.
Staff Member Responsible:
Linda Larkins, Budget & Financial Management Analyst, Office of Management & Budget
Partners:
N/A
Attachments:
Resolution