Title
a. Receive and accept the Budget End-of-Year Report for FY 2019-20 from the County Administrative Office;
b. Authorize and direct the Auditor-Controller to amend the FY 2020-21 adopted budget to increase appropriations in CAO-Building Improvement and Replacement (478-CAO047-1050-8539-7614) by $269,980 to allow for an operating transfer out to the Water Resources Agency, financed by $269,980 in fund balance, fund 478, sub fund BIR (4/5th vote required); and
c. Authorize and direct the Auditor-Controller to transfer $269,980 from the CAO-Building Improvement and Replacement budget (478-CAO047-1050-8539-7614) to the Water Resource Agency (111-WRA001-9300-8267-5940).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Receive and accept the Budget End-of-Year Report for FY 2019-20 from the County Administrative Office;
b. Authorize and direct the Auditor-Controller to amend the FY 2020-21 adopted budget to increase appropriations in CAO-Building Improvement and Replacement (478-CAO047-1050-8539-7614) by $269,980 to allow for an operating transfer out to the Water Resources Agency, financed by $269,980 in fund balance, fund 478, sub fund BIR (4/5th vote required); and
c. Authorize and direct the Auditor-Controller to transfer $269,980 from the CAO-Building Improvement and Replacement budget (478-CAO047-1050-8539-7614) to the Water Resource Agency (111-WRA001-9300-8267-5940).
SUMMARY:
The Budget End-of-Year Report (BEYR) evaluates year-end fiscal performance compared to the County's budget, as adopted and modified by the Board of Supervisors. Production of the BEYR is a collaborative effort between the County Administrative Office and departments following year-end closing adjustments overseen by the Auditor-Controller. Financial data analyzed in the BEYR is unaudited and subject to final adjustments.
The general fund end-of-year results are favorable, with an operating surplus of $7.0 million that allowed the County to rebuild the Stra...
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