Chapter 4.59
RESERVE FOR COUNTY OPERATIONS ACCOUNT

Sections:

4.59.010    Reserve for county operations account created--Purpose.

4.59.020    Transfer of RCO account funds--Request by executive.

4.59.010 Reserve for county operations account created--Purpose.

There is hereby established an appropriation account entitled "reserve for county operations" (RCO). The RCO account shall be a part of the nondepartmental section of the current expense fund.

The purpose of the RCO account shall be to provide an appropriation to provide funds for the following qualifying expenditures from the current expense fund:

(1) Expenditures inadvertently omitted from the departmental appropriations in the budget; and

(2) Expenditures for existing functions included in but underestimated in the departmental appropriations in the budget.

(Added Ord. 84-148, § 1, Nov. 30, 1984; Amended Ord. 07-015, March 21, 2007, Eff date April 7, 2007).

4.59.020 Transfer of RCO account funds--Request by executive.

(1) All requests for budget transfers from the RCO account shall be subject to review and approval by the executive or his designee and submitted to the council for final action, if any, pursuant to the budget transfer provisions of chapter 4.26 SCC. All requests shall be accompanied by an original and six copies of the following information:

(a) All information required to be submitted to the council for review of budget transfer requests pursuant to chapter 4.26 SCC;

(b) A statement from the director of the department of finance setting forth the director’s opinion of the validity of the revenue estimates which were made to balance the current year’s budget;

(c) A list of revised revenue estimates, if original estimates are deemed to be invalid;

(d) An updated report which shows changes to the undesignated, unreserved fund balance account since the beginning of the current budget year; and

(e) The amount of the original appropriation, adjusted appropriation, year-to-date expenditure and unencumbered balance for the RCO account.

The information required by this section shall be retrieved from the financial system no more than two days prior to the date it is submitted to the council.

(2) No expenditures shall be debited directly to the RCO account. Upon approval of the budget transfer pursuant to the requirements of chapter 4.26 SCC, an amount equal to the approved expenditure shall be transferred from the RCO account into the account or accounts for which the transfer was requested and shall be deemed an expenditure from that account or those accounts.

(Added Ord. 84-148, § 1, Nov. 30, 1984; Amended Ord. 04-133, Nov. 23, 2004, December 17, 2004).