File #: 24-34    Version: 1 Name:
Type: Informational Report Status: Passed
File created: 12/22/2023 In control: County Administrative Office
On agenda: 2/6/2024 Final action: 2/6/2024
Title: Mid-Year Budget Review for Fiscal Year (FY) 2023-24, Budget Outlook for FY 2024-25 and Recommendations for Budget Adjustments (4/5 vote required)
Attachments: 1. Staff Report, 2. Attachment 1 - FY 2023-24 Mid Year Budget Adjustments, 3. Attachment 2 - FY 2023-24 Board Approved ARGFA, 4. Attachment 3 - FY 2024-25 Budget Calendar with Measure Z, 5. Attachment 4 - Balanced Budget Policy and Reserve Policy, 6. FY 2023-24 Mid Year Update.pdf
Previous Action/Referral: 23-1253, 23-1374, 23-1341, 23-1444, 24-902, 24-762, 24-240, 24-387, 24-901
To: Board of Supervisors

From: County Administrative Office

Agenda Section: Departmental

Vote Requirement: 4/5th

SUBJECT:
title
Mid-Year Budget Review for Fiscal Year (FY) 2023-24, Budget Outlook for FY 2024-25 and Recommendations for Budget Adjustments (4/5 vote required)
end

RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Receive and file a review of the current FY 2023-24 budget and the budget outlook for FY 2024-25;
2. Direct the County Administrative Officer (CAO) to prepare the FY 2024-25 budget based on the following parameters:
a. Set General Fund allocations as status quo to FY 2023-24 with the following adjustments:
i. Include the FY 2023-24 ongoing, Board-approved additional requests for General Fund appropriations (ARGFA);
ii. Apply a 20% reduction to those ARGFA amounts;
iii. Reduce by any applicable Voluntary Separation Incentive Program (VSIP) and exempt departments that participated in the VSIP from the 20% ARGFA reduction;
b. Evaluate possible reductions to General Fund contributions to other funds in budget 1100-199;
c. Deallocate FY 2024-25 unbudgeted General Fund positions;
d. Accept and consider requests for additional General Fund appropriations (ARGFA) limited to one-time expenditures;
e. Set the annual departmental contributions to Public Agency Retirement Services (PARS) to 2% of annual salaries;
f. Suspend the annual contribution to Deferred Maintenance Trust Fund (3464) for FY 2024-25;
g. Approve the transfer from the Tax Loss Reserve of $2 million, so long as the minimum reserve is retained;
h. Consider transferring to the General Reserve to meet county policy requirements;
i. Reallocate ARPA funding not committed or expended by the end of FY 2023-24 with priority given to previously allocated ongoing costs;
j. Provide additional direction to staff on actions to close the FY 2024-25 projected General Fund budget deficit;
3. Approve the list of budget adjustments (Attachment 1) and authorize County Admin...

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