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HomeMy WebLinkAboutResolution 25-017-CCBOARD OF COUNTY COMMISSIONERS Grant County, Washington RESOLUTION No. 25- 0 1 -CC WHEREAS, the following Grants Administration Strategic Infrastructure Program Project Recommendations have been approved by the Board of County Commissioners: • SIP #2024-06: Grant County Port District No. 8, Port of Warden —Port of Warden Truck Access and Bypass Road Project (1 & 2) $100,000.00 (Grant), and • SIP #2024-07: Grant County Hospital District No. 1, McKay Healthcare —Phase 1 Master Planning $373,470 (Grant). WHEREAS, these additional budget expenditures were not anticipated when preparing the 2025 budget; and WHEREAS, in accordance with RCW 36.40.140 a public hearing must be held to authorize additional budget extensions; and WHEREAS, on the 18th day of February 2025 at 3:00 p.m., a public hearing was held in the Grant County Commissioners' Hearing Room. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF GRANT COUNTY, STATE OF WASHINGTON, that a budget extension in the total amount of $473,470.00 to be allocated to the 2025 budget according to the following schedule of categories and items: APPROPRIATIONS &FINANCING SOURCES (See Attached) PASSED AND ADOPTED this /<97k day of , 2025. ATTEST: Yea Nay Abstain rNd ❑ ❑ BOARD OF COUNTY COMMISSIONERS GRANT COUNTY, WASHINGTON Kevin R. Bur, , Member Page 1 of 1 https://grantcountywa-my.sharepoint.com/personal/cemanell_grantcountywa_gov/Documents/Desktop/Homework/SIP Budget Extension Request 02.18.2025.docx FINANCIAL REQUEST Requestor KARRIE STOCKTON Requestor's Department 001.101 Grants Admin Date 1/17/2025 Fund # & Dept of Request 113.155 Capital Asset Approval No Budget Extension Yes Establish/Close Fund No Cash Transfer No REQUEST FOR BUDGET EXT ON RESOLUTION NO. 24-132, FOR SIP; THE FOLLOWING PROJECTS: SIP 2024-06 Port District No.4, Warden $100,00 and SIP 2024-07 Hospital District No. 1, McKay Healthcare $373,470 CAPITAL ASSET PURCHASE APPROVAL BUDGET REQUIREMENT Asset Description N/A Additional Expense 473,470 Total Purchase Expense - Additional Revenue 473,470 Less: Existing Approval - Additional Cash Requirement Additional Funding Source Beginning cash balance - Additional Approval Required - Capital Facility Related No Grant Funded Partially; explain in notes Documentation BUDGET EXTENSION REQUEST Fund Name Revenue code/s Account Description Amount ECONOMIC ENHANCEMENT 113.155.00.0000.313180000 SALES TAX CO - ECONOMIC ENHANCEMENT 113.155.00.0000.308000000 CASH BALANCE 473,470 473,470 Fund Name Expense code/s Account Description Amount Port of Warden 113.155.00.9939.518634000 SIP 100,000 McKay Healthcare 113.155.00.9931.518634000 SIP 373,470 473,470 CASH TRANSFER REQUEST Fund Name (From) Code Account Description Amount (From) Fund Name (To) Code Account Description Amount (To) FORWARD TO ACCOUNTING FOR APPROVAL - APPROVED FORMS WILL BE RETURN TO DEPT FOR SUBMISSION TO BOCC FUND CASH SUMMARY Notes: $1.2 Milion of 2025 Budget was estimated to be funded out of the Fund Balance; therefore this extension will increase that to $1.67 M. Beginning Cash 4,361,663 Expense Bdgt (w/amendments) 2,934,944 Expense Ext. Requested 473,470 Budget Hearing: Revenue Bdgt (w/amendments) 2,934,944 Resolution Required: Revenue Ext. Requested (excl 308) 473,470 Estimated Ending Cash 4,361,663 Reviewed By: Mandy Kim, CFO