File #: 21-773   
Status: Agenda Ready
File created: 5/19/2021 In control: Clark County Board of Commissioners
On agenda: 6/1/2021 Final action:
Title: Approve, adopt, and authorize the Chair to sign a Resolution to Augment the Fiscal Year 2021 Detention Services Fund (2060) budget. (For possible action)
Attachments: 1. Staff Report, 2. Fund 2060 FY21 Augment Resolution, 3. Fund 2060 Augment Schedule FY21

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 2021 Detention Services Fund (2060) budget. (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

2060.000

Fund Name:

Detention Services

Fund Center:

N/A

Funded PGM/Grant:

N/A

Amount:

$13,947,000

Description:

Augmentation

Additional Comments:

The source of funds for the augmentation will be provided by unanticipated transfers in.

 

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 Detention Services Fund (2060) in the amount of $13,947,000.  The additional appropriations will be used for debt service payments.

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 Detention Services Fund (2060) must be adopted.  Following adoption of the Resolution to Augment, the Resolution will be forwarded to the Nevada Department of Taxation.