Title
Adopt a Resolution to:
a. Authorize and approve the increase in appropriations of the Auditor-Controller’s Fiscal Year (FY) 2025-26 Budget in Fund 001, Appropriation Unit AUD001 by $1,700,000, financed by a) a release of $1,700,000 from the Compensated Absences Assignment account 001-3115 or b) a reduction of $1,700,000 to General Fund Contingencies Appropriation in Fund 001, Appropriation CAO020, Unit 8034 (4/5 vote required); and
b. Authorize the Auditor-Controller to amend the Auditor-Controller’s Fiscal Year (FY) 2025-26 Budget in Fund 001, Appropriation Unit AUD001 by $1,700,000, financed by a) a release of $1,700,000 from the Compensated Absences Assignment account 001-3115 or
c. a reduction of $1,700,000 to General Fund Contingencies Appropriation in Fund 001, Appropriation CAO020, Unit 8034.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors consider adopting a Resolution to:
a) Authorize and approve the increase in appropriations of the Auditor-Controller’s Fiscal Year (FY) 2025-26 Budget in Fund 001, Appropriation Unit AUD001 by $1,700,000, financed by a) a release of $1,700,000 from the Compensated Absences Assignment account 001-3115 or b) a reduction of $1,700,000 to General Fund Contingencies Appropriation in Fund 001, Appropriation CAO020, Unit 8034 (4/5 vote required); and
b) Authorize the Auditor-Controller to amend the Auditor-Controller’s Fiscal Year (FY) 2025-26 Budget in Fund 001, Appropriation Unit AUD001 by $1,700,000, financed by a) a release of $1,700,000 from the Compensated Absences Assignment account 001-3115 or b) a reduction of $1,700,000 to General Fund Contingencies Appropriation in Fund 001, Appropriation CAO020, Unit 8034.
SUMMARY:
This request is to cover the recently identified error in State Disability Insurance (SDI) tax calculations, where the 457(b) deferred compensation and CalPERS retirement contributions were inadvertently excluded from taxable wages in calculating SDI tax. This resulte...
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