Title
Human Services Department, Community Services Division, recommending the Auditor/Controller be authorized to make cash advances from the County General Fund to certain Community Services Division funds on an "as-needed" basis to prevent negative cash balances in same; said funds are to be reimbursed with appropriate interest as determined by the Auditor/Controller.
RECOMMENDED ACTION: Approve.
FUNDING: In-Home Supportive Services Public Authority and Public Housing Authority: Federal and State Allocations, Community Services Special Revenue: Federal and State Grant Revenues, County General Fund Contribution.
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Fiscal Impact/Change to Net County Cost: No change. The County contribution to Human Services Programs is determined during the budget process.
Background: Human Services, Community Services Division, provides administrative oversight and contracted employees for the El Dorado County IHSS Public Authority and El Dorado County Public Housing Authority, which each receive an annual allocation of federal and state revenues that are tracked in individual Funds. Multiple Community Services Division programs are funded by program-specific federal and state grant revenues that are tracked in the Community Services Special Revenue Fund. Revenues for these various programs are typically received either retroactively or on a reimbursement basis. This could potentially result in a temporary cash shortfall where General Fund advance would be required to carry the fund until revenues are received.
Reason for Recommendation: Authorizing the Auditor to make necessary temporary transfers from the General Fund will prevent negative balances in the subject funds during the transition from FY 2006-07 to FY 2007-08 and allow the County to remain in compliance with statutory requirements.
Action to be taken following Board approval: Upon approval of the recommendation, the Auditor will have the authorization to make cash advances from the General Fund to the Human Services Community Services Special Revenue, El Dorado County IHSS Public Authority and El Dorado County Public Housing Authority Funds as needed to cover negative cash balances in the funds.
Contact: John Litwinovich, Ext. 6163
Concurrences: N/A