[1]
Editor's Note: For additional information
regarding transfer of appropriations, see Charter § 1.7-709.
Upon the recommendation of the Chief Executive,
County Council, by resolution may make transfers within and between
departments, offices and agencies or to any new account at any time.
Transfers are the reallocation of approved appropriations in the operating
budget and among capital projects and within grants.
A.
Interdepartmental appropriation transfers. Upon the
recommendation of the Chief Executive, County Council, by resolution,
may make operating budget appropriation transfers between departments,
offices and agencies, or to any new account at any time during the
fiscal year.
B.
Intradepartmental appropriation transfers. County
Council may authorize by resolution that operating budget appropriation
transfers which are within the same department, office or agency,
may be approved by the joint signatures of the County Controller,
Director of the Department of Budget and Finance and Budget Director
of County Council. Approval of these transfers shall not alter the
total approved budgeted appropriation allocated to a department, but
shall merely reallocate resources within a department's, office's,
or agency's approved budget.
A.
The Chief Executive may make cash management transfers
at any time. The purpose of a cash transfer is to provide expendable
cash to meet the approved appropriation obligation.
A.
The Chief Executive may authorize the transfer up
to 20% of any unencumbered funds within the operating budget appropriation
of a Department, Office or Agency during the last four months of the
fiscal year. The Chief Executive shall notify County Council of such
internal transfers before they occur.
B.
Between the period commencing with the last County
Council meeting in December, and the last day the books of the County,
as maintained by the County Controller, remain open, the Budget Transfer
Committee, consisting of the County Controller, the Director of the
Department of Budget and Finance and the Budget Director of County
Council shall be appointed by Council to make all operating budget
appropriation transfers, including appropriation required to clear
post-closing entries, between and within any departments, offices
or agencies for the purpose of complying with generally accepted accounting
principals related to the matching of expenditures with the appropriate
fiscal period. Such transfers are subject to ratification by County
Council at their earliest appropriate meeting of the subsequent fiscal
year. The net result of said transfers shall not increase the availability
of appropriated funds for the year in question.
A.
Upon the recommendation of the Chief Executive County
Council may transfer appropriation and cash from one capital project
to another capital project within the capital project's fund in order
to establish expenditure control for capital projects, to fund newly
created capital projects when necessary, to provide additional funding
for capital projects, to cover temporary appropriation and cash deficiencies
within a specific capital project or to return excess appropriation
and/or cash from completed capital projects to an appropriate reserve
status or another project. The Chief Executive shall inform County
Council of the effect of such transfers on impacted projects.
B.
Transfers that involve only the redistribution of
cash among approved capital appropriations may be done in accordance
with § 5-805.02 and do not require Council approval.
The Chief Executive may authorize the Treasurer
to make temporary, noninterest bearing, internal loans of cash between
any funds of the County or between the County's General Fund and any
capital project, grant project or trust account, to cover temporary
cash flow deficiencies. Any temporary, noninterest bearing, internal
loan must be fully repaid by the close of the County's fiscal year.
The Chief Executive shall notify County Council of such temporary,
noninterest bearing, internal loans.
