Order to authorize a supplemental appropriation, in the amount of $125,000, for costs associated with the acqusition of open space, such funds be transfered from undesignated fund balance.
Summary:
We have attached a report that identifiies all project transactions to date and projected project costs through FY09 and FY10. It is staff intention to transfer money from anticipated FY10 new funding back into the undesignated fund balance account. This request is to borrow from ourselves with the intent to repay the amount in FY10.
