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HomeMy Public PortalAbout2016_03_08_R036 Appropriating GF and Utilities Unassigned Fund Balance for Winter Storm Jonas The Town of Leesburg, Virginia PRESENTED March 8, 2016 RESOLUTION NO.: 2016-036 ADOPTED March 8, 2016 A RESOLUTION: APPROPRIATING GENERAL FUND UNASSIGNED FUND BALANCE IN THE AMOUNT OF $645,915 AND UTILITIES FUND UNASSIGNED FUND BALANCE OF $50,516 FOR EMERGENCY RESPONSE COSTS FOR WINTER STORM JONAS ABOVE THE AMOUNTS PROVIDED IN THE APPROVED FISCAL YEAR 2016 OPERATING BUDGETS WHEREAS, the Town Council passed Fiscal Year 2016 operating budgets that provided approximately $125,000 in funding imbedded within the operating budgets; and WHEREAS, the Town's operating budgets are sufficient to cover two snow events of 8 inches to 12 inches accumulation each of snow; and WHEREAS, the Town Council's existing practice to conservatively budgets the annual costs of snow removal, and to subsequently appropriate the necessary funding from the Unassigned Fund Balance as needed; and WHEREAS, Winter Storm Jonas yielded about 36 inches of snow which far exceeded the resources provided for an average Town winter; and WHEREAS, the Town expended an estimated $645,915 more than budgeted in the General Fund and an estimated $50,516 more than budgeted in the Utilities Fund for emergency response costs associated with Winter Storm Jonas. THEREFORE, RESOLVED, by the Council of the Town of Leesburg in Virginia that effective March 8, 2016 unassigned fund balance is hereby appropriated to pay for emergency response Winter Storm Jonas costs as follows: 1.) $645,915 of unassigned General Fund balance to departmental budgets; and -2- A RESOLUTION: APPROPRIATING GENERAL FUND UNASSIGNED FUND BALANCE IN THE AMOUNT OF $645,915 AND UTILITIES FUND UNASSIGNED FUND BALANCE OF $50,516 FOR EMERGENCY RESPONSE COSTS FOR WINTER STORM JONAS ABOVE THE AMOUNTS PROVIDED IN THE APPROVED FISCAL YEAR 2016 OPERATING BUDGETS 2.) $50,516 of unassigned Utilities Fund Balance to departmental budgets. PASSED this 8th day of March, 2016. 0-ei :t t' David S. Butler, Mayor Town of Leesburg AT EST: C LA Clerk of Coun it P:\Resolutions\2016\0308 Appropriating Fund Balances to Pay for Cost of Winter Storm Jonas.docx