Title
Chief Administrative Office recommending the Board:
1) Receive and file the attached Fiscal Year 2021-22 Mid-Year Budget Report and if needed provide direction to staff; and
2) Provide direction to the Chief Administrative Office to solicit requests from fire agencies and County departments for Transient Occupancy Tax funds to mitigate the impacts of tourism in Fiscal Year 2022-23.
FUNDING: Countywide Budget.
Body
DISCUSSION / BACKGROUND
Each year, the Chief Administrative Office works in conjunction with County departments to review the status of the current year's budget and present a Mid-Year report which summarizes the County's budget status following the first two quarters of the fiscal year. The review and report is intended to identify any material variances in projected revenues and expenses and provides a fund balance estimate relative to the upcoming fiscal year budget preparation.
Included in the Mid-Year Budget report is Attachment A, a memo from the Chief Administrative Office summarizing the County’s budget status. Attachment B is a table of each department’s General Fund Projections. Attachment C is a narrative providing further information explaining the projections outlined in Attachment B.
Departments are in the process of developing their Fiscal Year (FY) 2022-23 budget requests. These requests are due to the Chief Administrative Office on February 18, 2022. A special Board meeting is planned for Monday, April 25, 2022, to discuss any major revenue, expenditure, and/or policy issues related to the FY 2022-23 Recommended Budget, prior to the Chief Administrative Office finalizing work on the budget book. The CAO Recommended Budget for FY 2022-23 is estimated to be complete by mid-May, with the Budget Hearing set for June 6, 2022.
On March 30, 2021, with Legistar item 21-0484, the Board approved the use of Transient Occupancy Tax funding to address the impacts of tourism for various fire districts and County departments. If the Bo...
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