Title
Chief Administrative Office recommending Chairman be authorized to sign Budget Transfer 27298 to recognize FY 2006-07 increases in Sales Tax and Vehicle License Fee (VLF) realignment revenues for Public Health, Environmental Management, Human Services, and Mental Health Departments. (4/5 vote required)
FUNDING: Realignment Vehicle License Fees (VLF) and State Taxes
Body
BUDGET SUMMARY: |
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Total Estimated Cost |
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$760,673 |
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Funding |
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Budgeted |
$898,115 |
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New Funding |
$ |
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Savings |
$ |
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Other |
$ |
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Total Funding Available |
$898,115 |
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Change To Net County Cost |
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($137,442) |
Fiscal Impact/Change to Net County Cost: Revenues and appropriations in the General Fund will increase by $18,600 due to VLF funds. VLF funds pass through the General Fund into a special revenue trust account in Public Health. The remaining increase of $879,515 in Sales Tax realingment is split between the following departments: Public Health ($112,899); Environmental Management ($13,954); Mental Health ($40,220); and Human Services ($712,442). Public Health, Mental Health and Environmental Mangement will have equal increases in appropriations resulting in no change to Net County Cost. Human Services is increasing appropriations by $712,442 resulting in a decrease to Net County Cost. The department is appropriating $575,000 within the department to help mitigate shortfalls in State and Federal revenues resulting in a zero Net County Cost with the remaining $137,442 budgeted as an increase in the General Fund Contingency.
Background: The Auditor-Controller's office has prepared an estimate of total anticipated VLF and Sales Tax Realignment revenues to be received in FY 2006-07. These estimates resulted in increases in budgeted realignment revenues for Public Health, Environmental Management, Mental Health and Human Services. Public Health will use a portion of these funds ($16,492) in Animal Control resulting in a decrease to Net County Cost. The remaining funds in Public Health and Environmental Management will be appropriated within their respective special revenue funds. Mental Health will use these funds to reduce the use of fund balance in FY 2006-07. Human Services, Social Services division will be using funds to help mitigate shortfalls in State and Federal revenues, thereby reducing their Net County Cost.
Reason for Recommendation: If the realignment revenues do come in at the rate estimated by the Auditor-Controller's office, the attached budget transfer is needed in order for the funds to be appropriately deposited and distributed to departments.
Action to be taken following Board approval: Chair to sign Budget Transfer Request. Board Clerk's office to forward executed Budget Transfer to Auditor's office for posting.
Contact: Laura Schwartz x6541
Concurrences: