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Chief Administrative Office recommending the Board:
1) Receive a presentation on the Fiscal Year 2022-23 Recommended Budget preparation and provide direction;
2) Approve and revise Board of Supervisors Policy B-16 Budget Policies;
3) Approve the use of the Transient Occupancy Tax Subrecipient Agreement template; and
4) Authorize the Chief Administrative Officer, or designee, to execute Subrecipient Agreements with entities approved for Transient Occupancy Tax funds by prior or future Board direction.
FUNDING: Countywide Budget.
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DISCUSSION / BACKGROUND
On October 26, 2021 (Legistar 21-1485), the Board received the FY 2021-22 Master Budget Calendar. Per the budget calendar, departments submitted their budget requests in late February 2022, and Chief Administrative Office staff reviewed the requests and are preparing a Recommended Budget to present to the Board on June 6, 2022.
The budget calendar also included an “April Special Board Meeting.” The Chief Administrative Office has prepared a presentation that outlines the Recommended Budget as it stands today including what is and is not included in the Recommended Budget currently. The Recommended Budget is still not finalized and may change slightly from what is presented today by June 6, 2022.
Staff are recommending revisions to Board Policy B-16 Budget Policies. In addition to minor typographical edits, the following changes are proposed:
• Increase the annual goal for addition to the Designation for Capital Projects from $5 million to $6 million.
• Increase the annual discretionary Road Maintenance contribution goal from $3 million to $4 million.
• Revise the OPEB policy to a Pension Funding policy. This revised policy documents the current practice of putting two years of projected general fund increases in pension costs in the CalPERS Cost Increases designation.
Per the presentation, the Recommended Budget currently plans to fund the following Board Budget Policy items:
• General Reserve ...
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