CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
Petitioner:
Jessica L. Colvin, Chief Financial Officer
Recommendation:
title
Approve, adopt, and authorize the Chair to sign a Resolution to Augment the Fiscal Year 2026 Capital Acquisition & Modernization Fund (4375) budget. (For possible action)
body
FISCAL IMPACT:
Fund #:
4375.000
Fund Name:
N/A
Fund Center:
Funded PGM/Grant:
Amount:
$275,632,418
Description:
Augmentation
Additional Comments:
The source of funds for the augmentation will be provided by unanticipated revenues.
BACKGROUND:
The augmentation procedure, as prescribed by NRS 354.598005, provides that an augmentation for a fund that receives no ad valorem taxes may be accomplished by a majority vote of the Board at a regular meeting. Attached is the Resolution to Augment the Capital Acquisition & Modernization Capital Fund (4375) in the amount of $275,632,418 The additional appropriations will be used for services and supplies as well as capital outlay.An augmentation of appropriations is necessary to give the legal authorization to expend the additional resources. To complete the augmentation procedure, the attached Resolution to Augment the Capital Acquisition & Modernization Fund (4375) must be adopted. Following adoption of the Resolution to Augment, the Resolution will be forwarded to the Nevada Department of Taxation.