To: Board of Supervisors
From: Assessor
Agenda Section: Consent
Vote Requirement: 4/5th
SUBJECT:
title
Assessor Fiscal Year (FY) 2022-23 Supplemental Budget (4/5 Vote Required)
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve the attached supplemental budget for FY 2022-23 in Fund 1100, Budget Unit 113 in the amount of $4,800 (4/5 vote required).
Body
SOURCE OF FUNDING:
General Fund (1100)
DISCUSSION:
The Assessor’s budget is deficient in appropriations in the amount of $4,800 in their services and supplies category for Fiscal Year 2022-23. The Assessor collected more revenue than anticipated and has sufficient revenue to cover this cost. There is a surplus of $20,457 in Assessor revenue. The Assessor is requesting a supplemental budget to recognize $4,800 of this revenue to cover the overage in services and supplies expenditures.
FINANCIAL IMPACT:
|
Expenditures (1100, 113) |
FY22-23 Adopted |
|
Additional Appropriation Requested |
$4,800 |
|
Total Expenditures |
$4,800 |
|
Funding Sources (1100, 113) |
FY22-23 Adopted |
|
Fees/Other |
$4,800 |
|
Total Funding Sources |
$4,800 |
*Projected amounts are estimates and are subject to change.
Narrative Explanation of Financial Impact:
The Assessor had budgeted $118,501 for services and supplies but services and supplies totaled $123,284 for Fiscal Year 2022-23. The Assessor has a surplus of $20,456.91 in revenue and is requesting a supplemental budget of $4,800 from the additional revenue to cover the overage in services and supplies in Fund 1100, Budget Unit 113 - Assessor.
STAFFING IMPACT:
Narrative Explanation of Staffing Impact:
None
STRATEGIC FRAMEWORK:
This action supports your Board’s Strategic Framework priority of managing our resources to ensure sustainability of services
Core Roles: N/A
New Initiatives: Provide community-appropriate levels of service
Strategic Plan: N/A
OTHER AGENCY INVOLVEMENT:
None
ALTERNATIVES TO STAFF RECOMMENDATIONS:
The Board may choose not to approve the supplemental budget; however, this is not recommended as it would create a negative impact on the Assessor’s Office to accurately reflect their revenues and expenditures in the budget.
ATTACHMENTS:
1. Supplemental Budget
PREVIOUS ACTION/REFERRAL:
Board Order No.: N/A
Meeting of: N/A
File No.: N/A