Executive/Council Action Form (ECAF)
ITEM TITLE:
Title
Ordinance 26-045, related to the 2025-26 Budget; making a Supplemental Appropriation in General Fund 002 to provide expenditure authority for governmental fund lease costs
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DEPARTMENT: Finance
ORIGINATOR: Karla Beers
EXECUTIVE RECOMMENDATION: Approved by Kent Patton 8/19/26
PURPOSE: Provide appropriation authority for unanticipated costs associated with governmental fund leases approved during 2025.
BACKGROUND: The Governmental Accounting Standards Board (GASB) Statement #87 Summary modified the reporting requirements for recognizing lease activity, requiring revenue and expenditure entries to properly account for governmental fund leases in the County’s financial recordkeeping. The affected 2025 leases are: Prosecuting Attorney’s Office in General Fund 002 for $450,033.76 and the Sheriff’s Office in General Fund 002 for $399,086.55. A supplemental budget appropriation is necessary to provide expenditure and revenue authority for these entries.
FISCAL IMPLICATIONS:
|
EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU |
CURRENT YR |
2ND YR |
1ST 6 YRS |
|
002.5315216601 Lease Capital Outlay (PA) |
450,033.76 |
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|
|
002.5301146601 Lease Capital Outlay (SO) |
399,086.55 |
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TOTAL |
849,120.31 |
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REVENUE: FUND, AGY, ORG, REV, SOURCE |
CURRENT YR |
2ND YR |
1ST 6 YRS |
|
002.3315219150 Other Financing Source- Lease |
450,033.76 |
|
|
|
002.3301149150 Other Financing Source- Lease |
399,086.55 |
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TOTAL |
849,120.31 |
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DEPARTMENT FISCAL IMPACT NOTES: Click or tap here to enter text.
CONTRACT INFORMATION:
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ORIGINAL |
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CONTRACT# |
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AMOUNT |
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AMENDMENT |
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CONTRACT# |
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AMOUNT |
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Contract Period
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ORIGINAL |
START |
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END |
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AMENDMENT |
START |
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END |
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OTHER DEPARTMENTAL REVIEW/COMMENTS: Reviewed/approved by Finance - Nathan Kennedy 8/19/26