Title
Consider recommendation from the Finance/Administrative Committee to amend the 2018 EAA Operating Budget by increasing the appropriation for Legal Services by $250,000.
Body
RECOMMENDED MOTION:
Move the board amend the 2018 EAA Operating Budget by increasing the appropriation for Professional Technical Services by $250,000 and reducing the 2018 projected operating reserve accordingly.
SUMMARY:
The purpose of this agenda item is for the board to consider a Finance/Administrative Committee recommendation to amend the 2018 EAA Operating Budget by increasing the appropriation for Professional Technical Services (legal services line item) and reducing the Operating Reserve line item accordingly. Due to extended litigation and other special legal projects, the current budget for Legal Services for 2018 will be exceeded if appropriations for Legal Services are not increased. EAA staff recommends increasing the associated appropriation by $250,000 to fund legal services for the remainder of 2018.
The attached spreadsheet summarizes the proposed budget amendment discussed above.
At the October 23 meeting, the Finance/Administrative Committee voted to recommend the board amend the 2018 EAA Operating Budget by increasing the appropriation for Professional Technical Services by $250,000 and reducing the 2018 projected operating reserve accordingly.
M/WBE PARTICIPATION:
The contractor associated with the proposed budget amendment is not an M/WBE vendor.
STRATEGIC REFERENCE:
This agenda item does not relate to a specific goal within the Strategic Plan, but supports the general EAA mission.
FISCAL IMPACT:
The effect of this amendment will be to increase the 2018 Operating Budget by $250,000, effectively reducing the projected operating reserve by the same amount.