Title
Human Services Department, Community Services Division, recommending the Auditor-Controller be authorized to make cash advances from the General Fund to certain Community Services Division funds, specifically Fund 11-107 (Community Services Special Revenue), Fund 12-175 (El Dorado County IHSS Public Authority) and Fund 12-176 (El Dorado County Public Housing Authority) on an as needed basis in order to prevent negative cash balances in these funds during FY 2007/08 and at the transition point between fiscal years 2007-08 and 2008-09; said advance funds are to be reimbursed with appropriate interest as determined by the Auditor/Controller.
RECOMMENDED ACTION: Approve.
FUNDING: EDC IHSS PA and PHA: Federal and State Allocations
CS Special Revenue: Federal and State Grant Revenues, County General Fund Contribution
Body
BUDGET SUMMARY:
Total Estimated Cost $ 0.00
Funding
Budgeted $
New Funding $
Savings $
Other $
Total Funding Available $
Change To Net County Cost $ 0.00
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 Recommen...
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