Title
Consider approval and adoption of the Fiscal Year (FY) 2013-14 Budget for the County of Monterey, incorporating modifications to the FY 2013-14 Adopted Budget approved by the Board in March, April, and May 2013, and changes directed by the Board at the June 5, 2013 Budget Hearings, as reflected in Attachment A, Attachment B, and the attached Resolution.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors (Board) consider approval and adoption of the Fiscal Year (FY) 2013-14 Budget for the County of Monterey, incorporating modifications to the FY 2013-14 Adopted Budget approved by the Board in March, April, and May 2013 and changes directed by the Board at the June 5, 2013 Budget Hearings, as reflected in Attachment A, Attachment B, and the attached Resolution.
SUMMARY/DISCUSSION:
The County Administrative Office presented the FY 2013-14 Recommended Budget to the Board of Supervisors at Budget Hearings on June 5, 2013. The Board requested a number of modifications and directed staff to incorporate changes in the budget for adoption on June 25, 2013. The Adopted Budget incorporates these modifications, as well as modifications approved in March, April, and May 2013 Board meetings.
The FY 2013-14 Budget for all funds governed by the Board of Supervisors totals $1,050,545,052. Total financing includes a beginning fund balance of $47,120,853 and $1,003,424,199 in revenues. The budget provides for 4,700.9 full-time equivalent (FTE) positions. General Fund financing uses total $528,997,576. Total General Fund financing includes a beginning fund balance of $5,214,032 and $523,783,544 in revenues. The General Fund budget provides for 3,231.0 FTE.
The County Administrative Office recognizes that adoption of the State's FY 2013-14 Budget could impact County operations. Staff also reviews the County's revenue and expenditure conditions throughout the fiscal year. The County Administrative Office will return to the Bo...
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