Title
Chief Administrative Office, on behalf of Facilities & Fleet Services Department, Department of Human Services, Mental Health Department, Public Health Department and the Department of Transportation, recommending the Auditor-Controller be authorized to make cash advances from the General Fund to various funds within those departments to prevent negative cash balances:
1) Accumulative Capital Outlay (ACO) Fund 13-200
2) Community Services Fund 11-107
3) El Dorado County IHSS Public Authority Fund 12-175
4) El Dorado County Public Housing Authority Fund 12-176
5) Mental Health Special Revenue Fund 11-110-001
6) Public Health Special Revenue Fund 11-109
7) Airport Capital Improvement Fund 31-414
8) Erosion Control Fund 11-101
9) South Lake Tahoe Transit Fund 31-405
10) Road Fund 11-103
Advanced funds will be reimbursed with interest as determined by the Auditor-Controller. (Cont'd 9/16/08, Item 33)
FUNDING: General Fund advances to be reimbursed from various non-General fund sources in each department.
Body
BUDGET SUMMARY:
Total Estimated Cost $0
Funding
Budgeted $0
New Funding $
Savings $
Other $
Total Funding Available $
Change To Net County Cost $0
Fiscal Impact/Change to Net County Cost:
General Fund advances would provide temporary operating cash only and is therefore not considered expenditure to the General Fund, requiring no appropriation. General fund advances will be repaid with interest as determined by the Auditor-Controller.
Background:
The requesting departments rely on funding from various State, Federal and other revenue sources to fund operations in their special revenue funds. Revenues for these programs are typically received on a reimbursement basis, often several months after services have been provided and costs have been incurred. This can result in a temporary cash shortfall where a General Fund Advance would be required to carry the funds until re...
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