Title
Adopt Resolution to:
a. Authorize the Auditor-Controller to increase appropriations by $878,643 in the County Administrative Office's FY2020-21 Adopted Budget (021-1050-8478-CAO030) for the Monterey County Small Business Relief Program (administered by the Monterey County Workforce Development Board), financed by the reallocation of Cannabis Tax Assignment funds (001-3132). An alternative funding source is the Contingencies budget. (4/5 vote required); and
b. Approve and authorize the Auditor-Controller to increase appropriations by $878,643 in the Workforce Development Board FY 2020-21 Adopted Budget to fund the Workforce Development Board's response to the pandemic COVID-19 as follows: $878,643 (021-1050-CAO030-8478), financed by an increase in operating transfers in.
c. Authorize and direct the Auditor-Controller to increase appropriations in the County Administrative Office's Other Financing Uses (001-1050-8038-CAO0017) in the amount of $878,643 in the FY 2020-21 Adopted Budget, where the financing source is a release from Assignments (4/5ths vote required);
d. Authorize and direct the Auditor-Controller to complete an operational transfer of $878,643 out of 001-1050-8038-CAO0017 and transfer into the Workforce Development Board Fund, 021-1050-CAO030-8478 for the FY2020-21
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
Adopt Resolution to:
a. Authorize the Auditor-Controller to increase appropriations by $878,643 in the County Administrative Office's FY2020-21 Adopted Budget (021-1050-8478-CAO030) for the Monterey County Small Business Relief Program (administered by the Monterey County Workforce Development Board), financed by the reallocation of Cannabis Tax Assignment funds (001-3132). An alternative funding source is the Contingencies budget. (4/5 vote required); and
b. Approve and authorize the Auditor-Controller to increase appropriations by $878,643 in the Workforce Development Board FY 2020-21 Adopted Budget to fund...
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