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File #: 17-0125    Version: 1
Type: Agenda Item Status: Approved
File created: 1/25/2017 In control: Board of Supervisors
On agenda: 2/28/2017 Final action: 2/28/2017
Title: Chief Administrative Office recommending the Board: 1) Receive and file the attached Fiscal Year 2016-17 Mid-Year Budget Report; 2) Approve two attached budget transfers to reflect developments that have occurred since budget adoption, to establish a new reserve for the Public Safety Facility Match in the amount of $5,836,500 and to reverse budget entries that were included in the Fiscal Year 2016-17 Addenda Budget related to transferring $2 million from the Missouri Flat Master Circulation and Funding Plan fund to the CDA - Transportation budget (4/5 vote required); and 3) Consider and identify the individual Supervisors to be members of an Ad Hoc Committee to attend each of the Functional Group budget meetings, scheduled for the week of March 27, 2017. (Est. Time: 30 Min.)
Attachments: 1. A - Staff Report 2-28-17, 2. B - PSF BT 2-28-17, 3. C - MCFP BT 2-28-17, 4. D - BOS FY 2016-17 Mid-Year Report FINAL 2-28-17, 5. Public Comment Rcvd 2-28-17 BOS 2-28-17, 6. Executed BT 2017047, 7. Executed BT 2017046
Title
Chief Administrative Office recommending the Board:
1) Receive and file the attached Fiscal Year 2016-17 Mid-Year Budget Report;
2) Approve two attached budget transfers to reflect developments that have occurred since budget adoption, to establish a new reserve for the Public Safety Facility Match in the amount of $5,836,500 and to reverse budget entries that were included in the Fiscal Year 2016-17 Addenda Budget related to transferring $2 million from the Missouri Flat Master Circulation and Funding Plan fund to the CDA - Transportation budget (4/5 vote required); and
3) Consider and identify the individual Supervisors to be members of an Ad Hoc Committee to attend each of the Functional Group budget meetings, scheduled for the week of March 27, 2017. (Est. Time: 30 Min.)
Body
DEPARTMENT RECOMMENDATION
Chief Administrative Office recommending the Board:

(1) Receive and file the attached Fiscal Year 2016-17 Mid-Year Budget Report;
(2) Approve two attached budget transfers to reflect developments that have occurred since budget adoption, to establish a new reserve for the Public Safety Facility Match in the amount of $5,836,500, and to reverse budget entries that were included in the FY 2016-17 Addenda budget related to transferring $2 million from the Missouri Flat Master Circulation and Funding Plan fund to the CDA - Transportation budget (4/5 vote required); and
(3) Consider and identify the individual Supervisors to be members of an Ad Hoc Committee to attend each of the Functional Group budget meetings, scheduled for the week of March 27, 2017.

DISCUSSION / BACKGROUND
Annually the Chief Administrative Office brings forward a Mid-Year report which summarizes the County's budget status as of December 31. The review and report is intended to identify any material variances in projected revenues and expenses and provides a fund balance estimate for the upcoming Fiscal Year budget preparation.

Departments are in the process of developing their...

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