Title
a. Receive and accept the FY 2011-12 Budget End-of-Year Report from the County Administrative Office; and
b. Approve recommended actions as outlined in the FY 2011-12 Budget End of Year Report.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a) Receive and accept the FY 2011-12 Budget End-of-Year Report from the County Administrative Office; and
b) Approve recommended actions as outlined in the FY 2011-12 Budget End of Year Report.
SUMMARY:
The Budget End of Year Report (BEYR) evaluates year-end fiscal performance, including successes and shortfalls, in comparison to the County’s budget (operating plan), as adopted and modified by the Board of Supervisors (Board). The BEYR is presented as a comprehensive “debriefing” that offers a broad understanding of the County’s fiscal condition for the fiscal year ending June 30, 2012. In fulfilling this objective, the BEYR answers key questions:
· What is the overall health of the County’s finances?
· What are the major financial developments, issues, and trends shaping County finances?
· How well is the County managing its budget and forecasting its revenues and expenditures?
Answering these questions contributes to the highest degree of transparency, and further fulfills the County’s commitment to responsible financial oversight.
DISCUSSION:
The 2011-12 adopted budget for all funds totaled $935.9 million, a decline of $30.6 million (3.2%) from the prior year. Total financing sources included $46.8 million from cancellation of assignments (i.e., designations) and encumbrances, and revenue totaling $889.1 million. Adopted countywide staffing levels totaled 4,306.8 full-time equivalent (FTE) positions.
The general fund is the County’s largest fund, and supports basic governmental functions related to public safety, land use and environment, public assistance, health and sanitation, recreation and education, and finance and administration requirements. The adopted budget for the general ...
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