Title
Consider approval and adoption of the Fiscal Year (FY) 2012-13 Budget for the County of Monterey, incorporating Addendum items and modifications to the FY 2012-13 Adopted Budget approved by the Board in April, May, and June 2012, including the June 6, 2012 Budget Hearings, as reflected in Attachment B and the attached Resolution.
Body
RECOMMENDATION:
It is recommended that the Board of Supervisors (Board) consider approval and adoption of the Fiscal Year (FY) 2012-13 Budget for the County of Monterey, incorporating Addendum items and modifications to the FY 2012-13 Adopted Budget approved by the Board in April, May, and June 2012, including the June 6, 2012 Budget Hearings, as reflected in Attachment B and the attached Resolution.
SUMMARY/DISCUSSION:
The County Administrative Office presented the FY 2012-13 Recommended Budget to the Board of Supervisors at Budget Hearings on June 6, 2012. The Board requested a number of modifications and directed staff to incorporate changes in the budget for adoption on June 26, 2012. The Adopted Budget incorporates these modifications, as well as modifications approved in April, May, and June 2012 Board meetings, and Addendum items that could not be included in the Recommended Budget due to Performance Budget (PB) system programming and timing restrictions. The FY 2012-13 Budget for all funds governed by the Monterey County Board of Supervisors totals $931.7 million, including $1.0 million in provisions for reserves and $930.7 million in appropriations. The $1.0 million reserve establishes a Public Safety Sales Tax revenue stabilization assignment to mitigate impacts to public safety/criminal justice department functions in the event of unforeseen fluctuations in this revenue source. This budget provides for 4,460.2 full-time equivalent (FTE) positions. Available financing of $931.7 million includes a beginning fund balance of $22.0 million from non-General Fund departments, cancellation of reserves, designations and encumbrances of $5.8 million and estimated revenue of $903.9 million. General Fund financing uses of $495.6 million include $1.0 million for the revenue stabilization assignment and $494.7 million in appropriations. The General Fund includes 3,321.8 FTE. Available financing of $495.6 includes $5.8 million from cancellation of reserves, designations and encumbrances and annual estimated revenue totaling $489.7 million. Figure I in Attachment A shows FY 2012-13 Adopted Budget total available financing sources and use of funds for all funds governed by the Monterey County Board of Supervisors. Figure III reflects total appropriations by Major Fund, including changes made by the Board during Recommended Budget Hearings on June 6, 2012.
The County Administrative Office recognizes that the State budget deficits and adoption of the State's FY 2012-13 Budget are likely to impact County operations. Staff reviews the County's revenue and expenditure conditions throughout the fiscal year. The County Administrative Office will return to the Board to address State Budget and local issues as necessary to maintain fiscal balance.
OTHER AGENCY INVOLVEMENT:
All County departments participate in preparation of the County's annual budget.
FINANCING:
The FY 2012-13 Adopted Budget reflects the FY 2012-13 Recommended Budget, Addendum items, and modifications made to the FY 2012-13 Adopted Budget during Board meetings held in April, May, and June 2012, including Budget Hearings on June 6, 2012. The Adopted Budget totals $931.7 million and represents a balanced budget that meets all requirements for adoption.
Prepared by: Mari Beraz, Principal Administrative Analyst
Approved by: Dewayne Woods, County Budget Director, x5309
Attachments:
1. Attachment A - Fiscal Year 2012-13 Adopted Budget Figures I, II and III
2. Attachment B - Actions approved by the Board of Superviosrs
3. FY 2012-13 Adopted Budget Resolution
4. Board Order