File #: 23-0474    Version: 1
Type: Agenda Item Status: Approved
File created: 2/22/2023 In control: Board of Supervisors
On agenda: 3/7/2023 Final action: 3/7/2023
Title: Chief Administrative Office recommending the Board: 1) Receive and file the attached Fiscal Year 2022-23 Mid-Year Budget Report and if needed provide direction to staff; and 2) Provide direction to the Chief Administrative Office to solicit requests for uses of Transient Occupancy Tax funds to support tourism and mitigate the impacts of tourism in Fiscal Year 2023-24. FUNDING: Countywide Budget.
Attachments: 1. A -CAO Memo FY 2022-23 Mid-Year Report, 2. B - Exhibit A General Fund Projection Table FY 2022-23, 3. C - Exhibit B Dept Summaries FY 2022-23 Mid-Year Budget Report, 4. D - Exhibit C FY 2022-23 Subfunds Fund Balance Reserves and Designations, 5. E - Fiscal Year 2022-23 Mid-Year Budget Report Presentation
Related files: 22-1686, 23-0169, 23-1120, 23-0614, 24-0725, 23-0771, 23-1972
Title
Chief Administrative Office recommending the Board:
1) Receive and file the attached Fiscal Year 2022-23 Mid-Year Budget Report and if needed provide direction to staff; and
2) Provide direction to the Chief Administrative Office to solicit requests for uses of Transient Occupancy Tax funds to support tourism and mitigate the impacts of tourism in Fiscal Year 2023-24.

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 Budget 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. Attachment D is new to the Mid-Year Budget Report and outlines for each of the County’s subfunds the fund balance, reserves, and designations at the time of adoption of the Fiscal Year 2022-23 Adopted Budget.

Departments submitted their Fiscal Year (FY) 2023-24 budget requests to the Chief Administrative Office on February 17, 2023. A special Board meeting is planned for Tuesday, April 18, 2023, to discuss any major revenue, expenditure, and/or policy issues related to the FY 2023-24 Recommended Budget, prior to the Chief Administrative Office finalizing work on the budget book. The CAO Recommended Budget for FY 2023-24 is estimated to be complete by mid-May, with the Budget Hearing set for June 13, 2023.

In prior years, the Board approved the use of ...

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