Title
a. Approve the reprioritization of uses/assignments for any Fiscal Year (FY) 2013-14 Unassigned/Unbudgeted Fund Balance as outlined in attachment B.
b. Authorize the County Administrative Office and Auditor Controller to increase FY 2014-15 appropriations in the County Administrative Office Budget (001-1050-8038-7614) by $14,336,439 financed by FY 2013-14 Unassigned/Unbudgeted Fund Balance. (4/5ths)
c. Authorize the County Administrative Office and Auditor Controller to increase FY 2014-15 appropriations in Resource Management Agency Capital Project Facilities Master Plan (404-3000-8174-7521) by $13,000,000 financed by an equal amount of Operating Transfer In (404-3000-8174-5940). (4/5ths) (ADDED VIA ADDENDUM)
report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve the reprioritization of uses/assignments for any Fiscal Year (FY) 2013-14 Unassigned/Unbudgeted fund balance as outlined in attachment A.
b. Authorize the County Administrative Office and Auditor Controller to increase FY 2014-15 appropriations in the County Administrative Office Budget (001-1050-8038-7614) by $14,336,439 financed by FY 2013-14 Unassigned/Unbudgeted Fund Balance. (4/5ths)
c. Authorize the County Administrative Office and Auditor Controller to increase FY 2014-15 appropriations in Resource Management Agency Capital Project Facilities Master Plan (404-3000-8174-7521) by $13,000,000 financed by an equal amount of Operating Transfer In (404-3000-8174-5940). (4/5ths)
SUMMARY/DISCUSSION:
The County budget is adopted in June of each year so that an operating plan is in place by July insuring county operations can continue providing services to the community. At budget adoption the actual financial results for the just ended fiscal year are not available as the Auditor Controller must close all prior year activity and associated accounting. Additionally during adoption of the Fiscal Year (FY) 2014-15 Budget the Board of Supervisors (Board) authorized the County Administrative Office and Auditor Controller, in the event that any Unassigned/Unbudgeted fund balance became available through the closing of FY 2013-14, to make certain assignments as detailed in Attachment A. Actual audited results are generally available in December and depending on prior year fiscal results action may be required to reconcile estimated Fund Balances to Audited Fund Balances. Audited financial results for FY 2013-14 are not yet available from the Auditor-Controller, however early indications are that the General Fund performed favorable and benefited from increased collections of Property Taxes, Transient Occupancy Taxes and disbursements from various redevelopment successor agencies. The actual amount available will not be available to the County Administrative Office until the Auditor Controller finishes year-end accounting and produces the audited financial statements. Since adoption of the FY 2014-15 Budget many unknown events have surfaced which makes necessary a request to reprioritize the uses/assignment of any potential Unassigned/Unbudgeted Fund Balance. In anticipation of favorable results and changing County priorities the County Administrative Office recommends reprioritizing the uses and assignments of any Unassigned/Unbudgeted Fund Balances as detailed in attachment B.
OTHER AGENCY INVOLVEMENT:
The County Administrative Office coordinated with the Auditor Controller, County Counsel, Parks Department and Resource Management Agency in determining the prioritization and recommendations.
FINANCING:
All actions will be financed with Unassigned/Unbudgeted Fund Balance and will only be implemented to the extent the County Administrative Office and Auditor Controller Office determine funding is available.
Prepared by: Approved by:
Dewayne Woods Lew C. Bauman
Assistant County Administrative Officer County Administrative Officer
Attachments:
Attachment A
Attachment B