File #: 19-594    Version: 1 Name:
Type: Informational Report Status: Passed
File created: 4/17/2019 In control: County Administrative Office
On agenda: 5/7/2019 Final action: 5/7/2019
Title: Third-Quarter Budget Review for Fiscal Year 2018-19, Transfer from Contingencies, Updated Outlook for Fiscal Year 2019-20 and Budget Adjustment Procedures (4/5 Vote Required)
Attachments: 1. Staff Report, 2. 2019 Budget Adjustment Procedures - Track Changes, 3. 2019 Budget Adjustment Procedures - Clean Copy, 4. Cannabis Rev Exp, 5. Appropriations Transfer

To: Board of Supervisors

From: County Administrative Office

Agenda Section: Departmental

SUBJECT:
title
Third-Quarter Budget Review for Fiscal Year 2018-19, Transfer from Contingencies, Updated Outlook for Fiscal Year 2019-20 and Budget Adjustment Procedures (4/5 Vote Required)
end

RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Receive and file a review of the third-quarter budget results for Fiscal Year (FY) 2018-19 and outlook for the FY 2019-20 budget;
2. Approve a transfer from Contingencies to address operational matters in the amount of $25,000 (4/5 vote required);
3. Approve carrying forward FY 2018-19 allocations into FY 2019-20 totaling $1,986,362;
4. Approve the General Fund allocation of $212,774 for three Measure Z applications recommended for funding by the Citizens' Advisory Committee;
5. Approve a modification to the budget adjustments procedures as detailed on page 5; and
6. Take other action as appropriate.

Body
SOURCE OF FUNDING:
All county Funds

DISCUSSION:
The County Administrative Office (CAO) provides quarterly budget reviews to your Board in order to provide periodic informational updates and seek guidance from your Board. The CAO has provided your Board with first-quarter and mid-year reviews of the county's budget performance. Before your Board today is the third-quarter budget review for FY 2018-19 and projection for FY 2019-20

This report has been divided into three sections: review of the county financial condition as of April 2, 2019; a brief overview of factors that may impact FY 2019-20; and a policy consideration to update the Budget Adjustments Procedure.

Section 1: Review of Third-Quarter for Fiscal Year 2018-19

This review covers the General Fund as this fund contains the majority of county programs. This fund receives discretionary money derived from local revenue sources, such as property tax, and is available to be spent on local needs. The General Fund began FY 2018-19 with a...

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