Title
Consider approval and adoption of the Fiscal Year (FY) 2013-14 Budget for the County of Monterey, incorporating modifications to the FY 2013-14 Adopted Budget approved by the Board in March, April, and May 2013, and changes directed by the Board at the June 5, 2013 Budget Hearings, as reflected in Attachment A, Attachment B, and the attached Resolution.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors (Board) consider approval and adoption of the Fiscal Year (FY) 2013-14 Budget for the County of Monterey, incorporating modifications to the FY 2013-14 Adopted Budget approved by the Board in March, April, and May 2013 and changes directed by the Board at the June 5, 2013 Budget Hearings, as reflected in Attachment A, Attachment B, and the attached Resolution.
SUMMARY/DISCUSSION:
The County Administrative Office presented the FY 2013-14 Recommended Budget to the Board of Supervisors at Budget Hearings on June 5, 2013. The Board requested a number of modifications and directed staff to incorporate changes in the budget for adoption on June 25, 2013. The Adopted Budget incorporates these modifications, as well as modifications approved in March, April, and May 2013 Board meetings.
The FY 2013-14 Budget for all funds governed by the Board of Supervisors totals $1,050,545,052. Total financing includes a beginning fund balance of $47,120,853 and $1,003,424,199 in revenues. The budget provides for 4,700.9 full-time equivalent (FTE) positions. General Fund financing uses total $528,997,576. Total General Fund financing includes a beginning fund balance of $5,214,032 and $523,783,544 in revenues. The General Fund budget provides for 3,231.0 FTE.
The County Administrative Office recognizes that adoption of the State's FY 2013-14 Budget could impact County operations. Staff also 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 a balanced budget throughout the fiscal year.
OTHER AGENCY INVOLVEMENT:
All County departments participate in preparation of the County's annual budget.
FINANCING:
The FY 2013-14 Adopted Budget reflects the FY 2013-14 Recommended Budget and modifications made to the FY 2013-14 Adopted Budget during Board meetings held between March 26 and June 5, 2013, as well as changes directed by the Board at Budget Hearings on June 5, 2013. The Adopted Budget represents a balanced budget that meets all requirements for adoption.
Prepared by: Approved by:
Mari Beraz/Patty Maitland Dewayne Woods
Principal Administrative Analysts Assistant County Administrative Officer
June 12, 2013
Attachments: 1) Attachment A - Actions Approved by the Board of Supervisors during the
June 5, 2013 Budget Hearings
2) Attachment B - Actions Approved by the Board of Supervisors during
March, April, and May Board meetings that impact the FY 2013-14 Budget
3) FY 2013-14 Adopted Budget Resolution