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) 2024-25, Budget Outlook for FY 2025-26 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 2024-25 budget, including an update on the direction regarding reorganization that staff received from the Board on June 3, 2024, and the budget outlook for FY 2025-26; and
2. Direct the County Administrative Officer (CAO) to prepare the FY 2025-26 budget based on the following parameters:
a. Set General Fund allocations as status quo to FY 2024-25 including the FY 2024-25 Board-approved additional requests for General Fund appropriations (ARGFA); and
b. Approve the use of available fund balance in Fund 3250 - Employer Retirement contributions to smooth pension costs and salary increases in FY 2025-26; and
c. Deallocate FY 2025-26 unbudgeted positions; and
d. Suspend ARGFA submittals for FY 2025-26; and
e. Set the annual departmental contributions to Public Agency Retirement Services (PARS) to 2% of annual salaries; and
f. Approve a contribution to the Deferred Maintenance Trust Fund (3464) as determined by county policy; and
g. Approve the transfer from the Tax Loss Reserve of $2 million for FY 2025-26, so long as the minimum reserve is retained; and
h. Approve a contribution to the General Reserve to meet county policy requirements; and
i. Approve Human Resources - Risk Management to increase the Self-Insured Retention (SIR) for liability insurance to $300,000; and
j. Evaluate historical revenue estimates, with the Auditor-Controller, to ensure accuracy in the FY 2025-26 budget; and
k. Provide additional direction to staff on actions to close the FY 2025-26 projected General Fund budget deficit; and
3. Authorize the Auditor-Controller to create a General Fund Sub-Fund...
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