HomeMy WebLinkAboutResolutions - 1996.03.20 - 24809MISCELLANEOUS RESOLUTION #96062 March 21, 1996
BY: FINANCE AND PERSON/OL COMMITTEE, SUE ANN DOUGLAS, CHAIRPERSON
IN RE: DEPARTMENT OF MANAGEMENT AND BUDGET - TRANSFER OF MEDICAL CARE FACILITY
FUND AND POSITIONS FROM GOVERNMENT TO ENTERPRISE FUND
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Chairperson, Ladies and Gentlemen:
WHEREAS the Medical Care Fund has been budgeted as a Governmental Fund;
and
WHEREAS this fund operates and is accounted for as an Enterprise Fund
under the General Accepted Accounting Principles (GAAP); and
WHEREAS the County's Independent Auditors have recommended that the
budget and accounting designations coincide; and
WHEREAS to further streamline the County's financial records, it is
recommended that $804,263 in a receivable account in the Medical care Facility
Fund, generated from Medicaid and Medicare reimbursements, be brought into
current operations over a period of five (5) years, reducing the County's
General Fund appropriation originally budgeted in 1996 and 1997 and returning
$160,653 to contingency each year; and
WHEREAS the early retirement, in 1994, of bonds issued for the
construction and support of the Medical Care Facility, leaves a balance of
$27,809 in a Medical Care Facility Fund reserve to pay the bonds, which should
be brought into the current year and used to purchase necessary equipment; and
WHEREAS in order to meet GAAP and to streamline the County's financial
records, the Administration recommends that the Medical Care Facility Fund and
all positions assigned to that fund, be redesignated as Enterprise Fund
retroactive January 1, 1996.
NOW THEREFORE BE IT RESOLVED that retroactive to January 1, 1996 the
Medical Care Facility Fund and all positions and all positions assigned to
that fund be redesignated from Governmental Fund to Enterprise Fund.
BE IT FURTHER RESOLVED that the 1996/1997 Adopted Budget be amended as
specified on the attached schedule, to accommodate this redesignation.
Chairperson, on behalf of the Finance and Personnel Committee, I move
the adoption of the foregoing resolution.
FINANCE AND PERSONNEL COMMITTEE
Medical Care Facility
Transfer to Enterprise Funding
Budget Amendment
1996 1997
FROM:
rGovernmental Funds
Revenue
Medical Care Facility
3-52100-163
(all revenue accounts)
Expenditures
(all expenditure accounts)
17.105.8001 (17226.1001
Management &Budget
4-52100-123-45-00 ($35.777) $0
4-52100-126-22-00 (208,406) (245,183)
Medical Cares Eacility
4-52100-163 (7,257,503) (7,384,611)
Non-Departmental
Operating Transfer - MCF
4-10100-901-01-00-8moc 236,033 242.841
Contingency
4-10100-909-01-00-9900 160.853 160.853
Total Expenditures ($7.105.80o /S7 226,100:1
'Total Governmental Funds! IQ
TO:
LEnterprise Funds
note: organization numbers stay the same.
Revenues
General Fund Transfer $236,033 $242,841
Prior Years Rev. 188,662 160,853
Ail other Revenue 1105.800 7.226.100
Medical Care Facility $7_580.495 $7...629_794
Expenditures
Management & Budget $245,183 $245,183
Medical Care Facility 7,285.312 7.384.611
simaaa s7.629,79A
WEnterprise Funds .1 aft Ill
Prepared by: Fiscal Services Division 03105/96
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L. Brooks Patterson, County Executive
Resolution #96062 March 21, 1996
Moved by Douglas supported by Devine the resolution be adopted.
AYES: Douglas, Garfield, Holbert, Jacobs, Jensen, Johnson, Kaczmar,
Kingzett, Law, McCulloch, McPherson, Moffitt, Obrecht, Palmer, Pernick, Powers,
Quarles, Schmid, Taub, Wolf, Amos, Crake, Devine, Dingeldey. (24)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
I HERrEiy)rapiiyTHE FOREGOINC'! 9ESOLUT1ON
?1/2 (0-z
Date
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
1, Lynn D. Allen, Clerk of the County of Oakland, do hereby certify that the
foregoing resolution is a true and accurate copy of a resolution adopted by the
Oakland County Board Of Commissioners on March 21, 1996 with the original record
thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the
County of Oakland at Pontiac, Michigan this 21st day of March 1996.
<24rr„.„._
Ly4r-Pb. Allen, County Clerk