TO: Chair and Members of the Board
FROM: Samuel A. May, Executive Director
DATE: November 20, 2018
Title
AMENDING FISCAL YEAR 2017-2018 AND FISCAL YEAR 2018-2019 ANNUAL BUDGETS
BACKGROUND: The MCRA FY 2018-2019 annual budget was approved by the Board at the MCRA special meeting on September 27, 2018. With the close-out of the MCRA FY 2017-2018 budget, there is a balance of $956,036 remaining in the Operating Fund (140 accounts). These funds have to be carried over to the current year’s budget and allocated to projects and programs.
Attached is a budget amendment for fiscal years 2017-18 and 2018-19.
RECOMMENDATION: Approve the resolution amending the FY 2019 CRA budget as provided herein.
FISCAL IMPACT: The fiscal impact of the budget amendment for each fund is detailed in attachments Exhibit A and Exhibit B to the resolution.
CONTACT PERSON: Samuel A. May, Executive Director