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Chief Administrative Office, on behalf of Department of Human Services, Health Services Department, and the Department of Transportation, recommending the Auditor-Controller be directed 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;
6) Public Health Special Revenue Fund 11-109;
7) Airports Enterprise Fund 31-414;
8) Erosion Control Fund 11-101;
9) Road Fund 11-103; and
10) Myers Landfill Site Account 20-542-306.
Advanced funds will be reimbursed with interest as determined by the Auditor-Controller. (Cont'd 5/17/11, Item 7) (Est. Time: 10 Min.)
FUNDING: General Fund advances to be reimbursed from various non-General fund sources in each department.
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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 revenues are received.
The affected funds are identified below.
Human Services:
Community Services Fund 11-107.
El Dorado County IHSS Public Authority Fund 12-175.
El Dorado County Public Housing Authority Fund 12-176.
Federal and State annual allocati...
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