Title
Air Quality Management District (AQMD) recommending the Board, acting as the AQMD Board of Directors, approve and authorize the Chair to sign:
1) A Budget Transfer amending the District's Fiscal Year (FY) 2022-23 Budget to adjust fund balance amounts and corresponding balancing entries to reflect FY 2021-22 ending fund balances and adjust budgeted expenditure amounts. (4/5 vote required); and
2) An amendment to the FY 2022-23 El Dorado County Adopted Budget to allow the transfer $15,000 of AB2766 account funds to County Fleet for the upgrade of one gas-powered sedan to an electric sedan, as well an upgrade from one standard pickup truck to a hybrid pickup (4/5 vote required).
FUNDING: Permit revenues, State surcharge fees, Grants.
Body
DISCUSSION / BACKGROUND
The Air Quality Management District's Board of Directors conducted a Budget Hearing on the District's recommended Fiscal Year (FY) 2022-23 budget on June 14, 2022. The Board then adopted the recommended budget on June 28, 2022. Exhibit 1 consists of the Adopted Budget documents that were posted to the District's webpage after the Board's approval.
On September 2, 2022, the County's Auditor-Controller closed FY 2021-22, and the final year-end fund balances were calculated. This item makes adjustments to the Adopted AQMD FY 2022-23 Budget based on these year-end fund balances as well as changes to the County’s Adopted budget. The recommended revisions are outlined in Exhibit 2 for Board review and approval for inclusion in the FY 2022-23 Adopted Budget for the District and as a budget transfer to the County’s Adopted Budget. These adjustments require a 4/5 vote as these changes are being made after the District's budget was adopted by the Board on June 28, 2022 and the County’s budget was approved on September 27, 2022. County budget transfer forms with the recommended changes are included as Exhibits 3 and 4.
The recommended changes increase the use of the District's fund balances for the f...
Click here for full text