New Search
<br />SMITH Tammy D <br />From:MILLER Twylla J <br />Sent:Tuesday, March 11, 2014 12:48 PM <br />To:CUTSOGEORGE Sue L; SMITH Tammy D <br />Cc:TINTLE Robert D <br />Subject:RE: Fund 343 - Do we really need an SB#2 item? <br />Sounds like a plan…SB1 next year. <br /> <br /> <br />From: CUTSOGEORGE Sue L <br />Sent: Tuesday, March 11, 2014 12:07 PM <br />To: SMITH Tammy D; MILLER Twylla J <br />Cc: TINTLE Robert D <br />Subject: RE: Fund 343 - Do we really need an SB#2 item? <br /> <br />Tammy, <br /> <br />My thinking is that regardless of what spending occurs or is appropriated this fiscal year, there will need to be an SB#1 in <br />FY15 for final close out appropriation because we cannot absolutely accurately predict what will happen this fiscal <br />year. If we do not have an SB this fiscal year, it is possible that you will spend some dollars that have never been (and <br />will never be) appropriated in 343 … but there is not a problem with doing that. Appropriation is a legal spending limit, <br />and it is a limit by reporting fund. If you spend ~$50K more than is budgeted in 343 in FY14, you will not exceed the <br />reporting fund legal spending limit. We have gotten away from the practice of using the SB process to match up our <br />appropriations with spending at fiscal year end. So unless there is some other legal reason to have an appropriation this <br />fiscal year, I am comfortable with foregoing the SB process … which does not in any way hinder your ability to spend all <br />of the remaining dollars that are estimated in this fund. <br /> <br />Does that make sense? Sue <br /> <br />From: SMITH Tammy D <br />Sent: Tuesday, March 11, 2014 12:02 PM <br />To: CUTSOGEORGE Sue L; MILLER Twylla J <br />Cc: TINTLE Robert D <br />Subject: RE: Fund 343 - Do we really need an SB#2 item? <br /> <br />Sue, <br />Would SB1 in FY15 include changing the operating portion that was not used to capital appropriation and appropriating <br />the other small revenues as capital appropriation? <br /> <br />If there is no SB2 to reconcile this fund so it closes at the end of FY14 and close it mid FY15. For the April snapshot for <br />the capital rollover, I will roll the balances in the projects as we have in the past. Then the rollover would be reconciled <br />in FY15 SB1. <br /> <br /> <br />Tammy Smith, x5834 <br /> <br />From: CUTSOGEORGE Sue L <br />Sent: Tuesday, March 11, 2014 11:54 AM <br />1 <br /> <br />