County of Monterey - File #: RES 22-222

• File #: RES 22-222
• Name: Receive the BEYR for FY 21-22
• Type: BoS Resolution
• Status: Passed
• File created: 12/1/2022
• In control: Board of Supervisors
• On agenda: 12/13/2022
• Final action: 12/13/2022
• Title: Adopt a Resolution to: a. Accept the Budget End-of-Year Report for FY 2021-22 from the County Administrative Office; b. Authorize the County Administrative Office and Auditor-Controller to make fund balance designations in FY 2022-23 included in Attachment A; and c. Authorize and direct the Auditor-Controller to amend the FY 2022-23 adopted budget by increasing appropriations and making the appropriate transfers included in Attachment A (4/5ths vote required).

Date	Action By	Action	Result
12/13/2022	Board of Supervisors	adopted

Title
Adopt a Resolution to:
a. Accept the Budget End-of-Year Report for FY 2021-22 from the County Administrative Office;
b. Authorize the County Administrative Office and Auditor-Controller to make fund balance designations in FY 2022-23 included in Attachment A; and
c. Authorize and direct the Auditor-Controller to amend the FY 2022-23 adopted budget by increasing appropriations and making the appropriate transfers included in Attachment A
(4/5ths vote required).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors adopt Resolution to:
a. Accept the Budget End-of-Year Report for FY 2021-22 from the County Administrative Office;
b. Authorize the County Administrative Office and Auditor-Controller to make fund balance designations in FY 2022-23 included in Attachment A; and
c. Authorize and direct the Auditor-Controller to amend the FY 2022-23 adopted budget by increasing appropriations and making the appropriate transfers included in Attachment A
(4/5ths vote required).

SUMMARY:
The Budget End-of-Year Report (BEYR) evaluates the County's year-end fiscal performance compared to the budget, as adopted and modified by the Board of Supervisors. Production of the BEYR is a collaborative effort between the County Administrative Office (CAO) and departments following the year-end closing adjustments overseen by the Auditor-Controller. Financial data analyzed in the BEYR is unaudited and subject to final adjustments. The BEYR begins with an analysis of the countywide performance of the general fund, followed by an analysis of the financial performance of departments and other funds.

The general fund end-of-year results are favorable, with an operating surplus of $17.7 million primarily attributed to growth in discretionary revenue, with revenues of $758.0 million against $740.3 million in expenditures. The strong performance of discretionary revenue and prudent financial management by departments allowed the County to invest in its strategic re...