WAUKESHA COUNTY Waukesha, Wisconsin

WAUKESHA COUNTY, WISCONSINNOTES TO FINANCIAL STATEMENTSDecember 31, 2010NOTE 3 – STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY (CONT’D)State statutes, (s.65.905 (a)), also provide for the County Board to authorize an amendment of thebudget by a vote of two-thirds of the entire membership of the Board. The County Board has authorizedthe Finance Committee, under County Code Section 2-211(c)(3), the following fund transfer authority:1. A transfer of funds from one appropriation unit to another within the department budget.2 A transfer of funds from the contingency fund, not to cumulatively exceed 10% of thefunds originally appropriated for a department in a fiscal year.In addition, the statutes allow supplemental budget appropriations to be made from unanticipatedrevenues received or fund equity, as defined by ordinance and adopted by two-thirds approval of theCounty Board.Supplemental appropriations necessary for 2010 were as follows:Adopted Budget Modified Budget* ChangeGeneral $ 101,936,484 $ 102,876,575 $ 940,091Special Revenue 81,371,641 84,396,766 3,025,125Debt Service 13,711,031 13,711,031 0Capital Projects 17,119,400 13,311,900 (3,807,500)Enterprise 9,963,469 9,963,469 0Internal Service 37,694,032 38,077,032 383,000Totals $ 261,796,057 $ 262,336,773 $ 540,716*Excludes carryover project funds from prior years for general ($2,644,953) special revenue ($8,683,158),capital projects ($24,069,755), enterprise ($865,191) and internal service ($1,514,404).The adopted budgets for the general, special revenue, debt service and capital project funds areprepared on a basis consistent with generally accepted accounting principles. A comparison of budgetand actual is included in the accompanying financial statements for governmental fund types with annualbudgets.The adopted budgets for enterprise and internal service funds are prepared on a basis consistent withgenerally accepted accounting principles. Both budget and accounting treat depreciation as an expenseand for budget purposes capital outlay is a memo entry only.55