Title
Chief Administrative Office recommending the Board receive a presentation and provide direction on the development of the County of El Dorado Budget for Fiscal Year 2025-26.
FUNDING: Various; Countywide Budget Consideration.
Body
DISCUSSION / BACKGROUND
On September 17, 2024, with Legistar file 24-1556, the Board received a presentation on the FY 2024-25 Adopted Budget and directed staff to return on November 5, 2024 to discuss the structural sustainability of the Budget.
The development of the FY 2025-26 Budget has already begun in the Chief Administrative Office. As in prior years, the Chief Administrative Office will meet with all department heads and budget staff in early December to provide direction on the development of the FY 2025-26 Budget. Due to a slowing in discretionary revenue growth and anticipated increase in expenses, as discussed with the Board on September 17, 2024, it is anticipated that the FY 2025-26 Budget will require a more intensive budget process than prior years, in order to balance the General Fund.
Staff are seeking Board direction on specific strategies to utilize in the development of the FY 2025-26 Budget. Board direction provided will be used for the development of the budget, which begins in early December. It is anticipated that staff will provide the Board with an update on the development of the FY 2025-26 Budget in January or February with the Mid-Year Budget Report.
ALTERNATIVES
The Board could choose not to receive the presentation and provide direction to staff.
PRIOR BOARD ACTION
Legistar item 24-1556 - September 17, 2024 - Board received a presentation on the FY 2024-25 Adopted Budget and directed staff to return on November 5, 2024 to discuss the structural sustainability of the Budget
OTHER DEPARTMENT / AGENCY INVOLVEMENT
N/A
FINANCIAL IMPACT
There is no direct fiscal impact from the direction provided with this item. The FY 2025-26 Budget Hearing is scheduled for June 10, 2025, where the Board will formally approve the budget.
CLERK OF THE BOARD FOLLOW UP ACTIONS
N/A
CONTACT
Sue Hennike, Assistant Chief Administrative Officer