Title
a. Approve a decrease in reimbursements received from outside revenue for the Economic Development Department (001-1070-8221), Appropriation Unit DEO001 by $265,119 and reduce General Fund Contingencies (001-1050-8034), Appropriation Unit CAO020 in the amount of $265,119 to fund the decrease and;
b. Authorize the Auditor Controller's Office to incorporate the approved appropriation changes to the FY 2013-14 Budget. (4/5th vote required).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve a decrease in reimbursements received from outside revenue for the Economic Development Department (001-1070-8221), Appropriation Unit DEO001 by $265,119 and reduce General Fund Contingencies (001-1050-8034), Appropriation Unit CAO020 in the amount of $265,119 to fund the decrease and;
b. Authorize the Auditor Controller's Office to incorporate the approved appropriation changes to the FY 2013-14 Budget. (4/5th vote required).
SUMMARY/DISCUSSION
The Economic Development Department (EDD) has reviewed its appropriation units in preparation for the FY 2013-14 year-end close. In the current FY 2013-14 budget, EDD's Economic Opportunity Admin Unit 8221 budgeted expenditures of $1,211,612 for staff salaries and benefits plus $331,433 for services and supplies and $23,159 for Other Charges totaling $1,566,224 with offsetting reimbursements of $697,089 resulting in a general fund contribution of $869,115. However, EDD is only estimating reimbursements for Fiscal Year 2013-14 in the amount of $431,970 and therefore will not receive sufficient reimbursements to offset the incurred and projected expenditures for FY 2013-14. EDD projects to end the fiscal year $265,119 over its general fund contribution for the Economic Opportunity Admin Unit 8221.
Offsetting reimbursements are received to compensate for staff time spent working on grant funded projects. During the preparation of the Fiscal year 2013-14 budget were estimated using a c...
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