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Chief Administrative Office and Auditor-Controller's Office recommending the Board approve and ratify the attached schedule of budget amendments reflecting final Fiscal Year 2017-18 fund balance numbers and related offsetting entries to balance each affected fund, for inclusion in the Fiscal Year 2018-19 Adopted Budget, and made pursuant to the Fiscal Year 2018-19 Adopted Budget Resolution (209-2018). It is recommended that the Board approve and ratify the schedule of budget amendments with a 4/5 vote.
FUNDING: Countywide Budget.
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DISCUSSION / BACKGROUND
The Chief Administrative Office was advised in August that the County would likely not have final fund balance numbers for FY 2017-18 year-end available until mid-September.
Not having final fund balance numbers until later in September limited the ability for Departments to prepare, and for the Chief Administrative Office to process and evaluate, changes to the Recommended Budget in time for the Board to adopt the Budget prior to the statutorily required deadline of October 2nd. Therefore, the Board adopt the FY 2018-19 Budget Resolution in order to officially adopt the Recommended Budget as the final Adopted Budget, and delegated authority to the Auditor-Controller, in coordination with the Chief Administrative Office, to balance affected funds within certain parameters once those fund balance figures were known.
The General Fund ended FY 2017-18 with a fund balance of $25,433,240. Of that fund balance, $20,803,674 was already included in the Recommended Budget to fund previous committments to the ACO Fund ($7,156,164) and to fund General Fund costs and on-going operations ($13,647,510).
The Auditor-Controller, following specific language included in the attached Budget Resolution, was authorized to use any additional General Fund fund balance amount to increase established Reserves/Designations (the CalPERS Designation and the General Reserve) and staffing related expenses in the Informa...
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