Title
a. Authorize the Auditor-Controller to amend the FY 2024-25 Adopted Budget for the County Administrative Office Contracts & Purchasing (001-1050-CAO002-8047), to increase appropriations by $28,140, financed by an increase in estimated revenues by $8,040 (001-1050-CAO002-8047), and a decrease in appropriations of $20,100 in the County Administrative Office Administration & Finance (001-1050-CAO001-8045) (4/5ths vote required); and
b. Authorize the Auditor-Controller’s Office to incorporate approved budget modifications to the Fiscal Year 2024-25 Budget, and the County Administrative Office to reflect these approved changes in the Fiscal Year 2025-26 Adopted Budget.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Authorize the Auditor-Controller to amend the FY 2024-25 Adopted Budget for the County Administrative Office Contracts & Purchasing (001-1050-CAO002-8047), to increase appropriations by $28,140, financed by an increase in estimated revenues by $8,040 (001-1050-CAO002-8047), and a decrease in appropriations of $20,100 in the County Administrative Office Administration & Finance (001-1050-CAO001-8045) (4/5ths vote required); and
b. Authorize the Auditor-Controller’s Office to incorporate approved budget modifications to the Fiscal Year 2024-25 Budget, and the County Administrative Office to reflect these approved changes in the Fiscal Year 2025-26 Adopted Budget.
SUMMARY:
In preparation for the FY 2024-25 fiscal year-end close, the County Administrative Office (CAO) has prepared an analysis of the budget to actuals by appropriation unit. CAO forecasts one unit will exceed appropriations primarily due to unbudgeted emergency pay in response to the Vistra Moss Landing Fire, retirement/leave accrual payouts, and an overage in property insurance. To address the deficit, the CAO is requesting a transfer of appropriations within the department and an increase in budgeted revenues attributed to County Surplus Program sales.
DISCU...
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