Title
Adopt a Resolution to:
a. Authorize use of General Fund Strategic Reserve to provide advance funding to the Public Works, Facilities and Parks Department’s (PWFP) Road Fund to complete the Fiscal Year (FY) 2022-23 January/March and FY 2023-24 February Winter Storm Repair Projects to be repaid with reimbursements from the Federal Emergency Management Agency (FEMA) and other federal and state agencies, and add to the Annual Work Program for Road Fund;
b. Authorize the County Administrative Office and Auditor-Controller to make fund balance designations and fund balance changes, respectively in FY 2024-25:
1. Transfer $9,211,629 from the Strategic Reserve (BSA 001-3111) to the Disaster Assistance Assignment (BSA 001-3126) (4/5ths vote required);
c. Authorize and direct the Auditor-Controller to amend the FY 2024-25 Adopted Budget and transfer funds as follows:
1. Increase appropriations by $9,211,629 in the County Administrative Office (CAO) General Fund 001, Other Financing Uses Appropriation Unit CAO017 financed by a release of $9,211,629 in Disaster Assistance Assignment (BSA 001-3126) (4/5ths vote required);
2. Increase appropriations by $9,211,629 in the Road Fund 002, Appropriation Unit PFP004, financed by a $9,211,629 operating transfer from General Fund 001, Other Financing Uses Appropriation Unit CAO017 (4/5ths vote required);
3. Transfer $9,211,629 from General Fund 001, Other Financing Uses Appropriation Unit CAO017 to Road Fund 002, Appropriation Unit PFP004 (4/5ths vote required);
4. Increase revenue and appropriations in the Road Fund 002, Appropriation Unit PFP004 for any FEMA revenues received in FY 2024-25, where General Fund Strategic Reserve funds were advanced (4/5ths vote required); and
5. Transfer FEMA revenues where General Fund Strategic Reserve funds were advanced to County Administrative Office (CAO) General Fund 001, Other Financing Uses Appropriation Unit CAO017 for reimbursement to the General Fund Strategic Reserve (BSA 001-3111) (...
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