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HomeMy WebLinkAboutBudget Extension - Central Services��. Board of County Commissioners Re: Budget Extension MUSCO Lighting Approved capital budget 132.178.00.9112.594736214 Grant County Central Services POBox 37 Ephrata WA 98823 (509) 754-2011 Ext -3276 July 5, 2022 This year a capital project located at the fairgrounds was approved utilizing different funding sources. The project cost was approximately $495,000. The Board decided to only partially fund the project utilizing BEET 2 funds, knowing the grant had been awarded and that the County would be reimbursed after the total amount of funds had been allocated. (in essence, overspending the account knowing it would be made correct with the reimbursement). This project has been completed, and we did receive the grant funds totaling $250,000; however, we neglected to perform a budget extension for the revenue (001.000.00.9112.334021000) and expense (001.112.00.0000.594736214) to show how the funds for this project were appropriately allocated. Accounting has pointed out that BEET funds should not receive a grant, and in the future, we should consider an alternative way to ensure the funds are accounted for more efficiently. As this money has been received, we will need to perform the budget extension regardless to account for the funds properly Respectfully Submitted, e vet�-- �&x &ainef Tom Gaines Director, Grant County WA Central Services Department CC: K. Smith Tom Gaines Director of Central Services tgaines@grantcountywa.gov 2 zaz van.ramr:+c:nrauti�nsw. RECEIVED "To meet current and future needs, serving together with public and private entities, while fostering a respectful and successful work environment" 2022 BUDGET EXTENSION REVENUE FUND ACCOUNT NAME 1001.000.00.9112.334021000 CURRENT EXPENSE FACILITIES DEPT OF AG. 250,000.00 (EXPENSE 001.112.00.0000.594736214 250,000.00 1 FUND ACCOUNT NAME CURRENT EXPENSE CAPITAL OUTLAY GROUND IMPROVEMENT 250,000.00 250,000.00 1 REASON MUSCO LIGHTING (PORTION COVERED BY DEPT OF AG GRANT) (ACCOUNTING NOTES