Title
Auditor-Controller recommending the Board review financial reports for Countywide Special Revenue Funds for the year ending June 30, 2006 and the six months ending December 31, 2006.
RECOMMENDED ACTION: Receive and file.
Body
Fiscal Impact:
None
Reason for Recommendation:
The attached financial reports summarize the transactions of the Countywide Special Revenue Funds. It should be noted that the vast majority of the expenditures from these funds are "operating transfers out". For instance, of the $50,703,938 in expenditures for the year ended June 30, 2006, $49,756,372 were "operating transfers out". "Operating transfers out" are fund transfers from one El Dorado County fund to another County fund.
Action to be taken following Board approval:
None
Contact: Joe Harn, Auditor-Controller