Title
Support amending the Fiscal Year 2023-24 Adopted Budget for the Board of Supervisors (001-1000-BOA001-8015) to increase appropriations by $38,289, financed by a release from the Compensated Absences Assignment (BSA 001-3115).
Report
RECOMMENDATION:
It is recommended that the Budget Committee support amending the Fiscal Year 2023-24 Adopted Budget for the Board of Supervisors (001-1000-BOA001-8015) to increase appropriations by $38,289, financed by a release from the Compensated Absences Assignment (BSA 001-3115).
SUMMARY/ DISCUSSION:
In preparation for the Fiscal Year (FY) 2023-24 fiscal year-end close, the County Administrative Office (CAO) has prepared an analysis of the budget to actuals for the Board of Supervisors. CAO forecasts one district will exceed appropriations primarily due to an unbudgeted retirement payout.
The FY 2023-24 Adopted Budget for the Board of Supervisors District 3 is forecasted to exceed its budget by $68,024 primarily due to a retirement/leave accrual payout. The CAO is requesting a release from the Compensated Absences Assignment (BSA 001-3115) in the amount of $38,289. The remainder of the deficit can be absorbed within the department.
OTHER AGENCY INVOLVEMENT:
None.
FINANCING:
The recommended actions will increase appropriations by $38,289 in the FY 2023-24 Adopted Budget for the Board of Supervisors District 3 (001-1000-BOA001-8015) financed by a release from the Compensated Absences Assignment (BSA 001-3115), reducing the balance of the assignment to $12,670,138.
BOARD OF SUPERVISORS STRATEGIC INITIATIVES:
The recommendations are consistent with the Board of Supervisors’ Strategic Initiative for Administration and represent a balanced budget that sustains core services and efficiently allocates resources.
__ Economic Development
X Administration
__ Health & Human Services
__ Infrastructure
__ Public Safety
Prepared by: Jose Luis Garcia, Finance Manager II, ext. 5119
Approved by: Ezequiel Vega, Assistant County Administrative Officer, ext. 3078
Attachments: BOS District 3 FY 2023-24