Title
Adopt a Resolution approving the Fiscal Year 2025-26 Budget for the Successor Agency of the County of Monterey.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors adopt a Resolution approving the Fiscal Year 2025-26 Budget for the Successor Agency of the County of Monterey.
SUMMARY/DISCUSSION:
The County Administrative Office recommends that the Board of Supervisors approve and adopt the Fiscal Year (FY) 2025-26 Budget for the Successor Agency of the County of Monterey (Successor Agency). This budget is unchanged from the FY 2025-26 Recommended Budget as presented and received by the Board during the Budget Hearings on May 28, 2025. The FY 2025-26 Budget for the Successor Agency includes $3,461,492 in total appropriations, offset by estimated revenue of $1,648,301 and fund balance use of $1,813,191.
OTHER AGENCY INVOLVEMENT:
The County Administrative Office prepared the Successor Agency FY 2025-26 Adopted Budget resolution reflecting Board approval of the FY 2025-26 Recommended Budget as presented on May 28, 2025.
FINANCING:
The Successor Agency FY 2025-26 Adopted Budget Resolution reflects Board approval by reference of the FY 2025-26 Recommended Budget as presented on May 28, 2025, represents a balanced budget and meets all requirements for adoption.
Prepared by: Patricia Hasan, Principal Administrative Analyst, ext. 5091
Approved by: Deborah Paolinelli, Assistant County Administrative Officer, ext. 5309
Attachments: Successor Agency FY 2025-26 Adopted Budget Resolution