LEGISLATIVE YEAR 2020
RESOLUTION: R-20-069
PURPOSE: Relative to the re-appropriation of Fiscal Year 2021 escrows
SPONSOR(S): Mayor Jim Donchess
COMMITTEE
ASSIGNMENT: Budget Review Committee
FISCAL NOTE: The escrows shown on the attached worksheet are department
requests for unlike purposes. The proposed unlike escrow
amount of $4,247,866 represents approximately 1.5% of the
FY2020 Adopted General Fund Operating Budget. The “like for
like” escrows approved by Mayor Donchess total $4,146,736.49.
Note that any approved escrows decrease surplus at fiscal year’s
end.
ANALYSIS
This resolution authorizes the re-appropriation of FY21 escrows for the stated amounts and
purposes, in compliance with procedures established in NRO 5-130. The sources of said escrows
are FY2020 unexpended appropriations. The approved funds will be utilized only for the purposes
set forth in the attached FY2021 Escrow Request document. If, prior to final passage, the final
FY20 departmental and/or line item balance is determined to be less than any individual escrow
request, then the lesser amount will be the amount actually escrowed.
Approved as to account Financial Services Division
structure, numbers,
and amount: By: /s/John Griffin
Approved as to form: Office of Corporation Counsel
ys Dope Oa te
Date: 5 ple wbes Wd
