Title
Consider adopting a resolution approving the Fiscal Year (FY) 2024-25 Budget for the County of Monterey, incorporating the FY 2024-25 Recommended Budget, which includes the County's General Financial Policies, and additional modifications directed by the Board at the May 29, 2024, Budget Hearings.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
Consider adopting a resolution approving the Fiscal Year (FY) 2024-25 Budget for the County of Monterey, incorporating the FY 2024-25 Recommended Budget, which includes the County's General Financial Policies, and additional modifications directed by the Board at the May 29, 2024, Budget Hearings.
SUMMARY:
The County Administrative Office (CAO) presented the FY 2024-25 Recommended Budget to the Board of Supervisors at the Budget Hearings on May 29, 2024. The Board approved several modifications, including amendments to the General Financial Policies, and directed staff to incorporate related changes in the budget for adoption on June 20, 2024. Budget Hearing modifications are detailed in Attachment A and Exhibit 1.
DISCUSSION:
The FY 2024-25 Budget for all funds governed by the Board of Supervisors and the Board of Supervisors acting as the Board of Directors of individual special districts and Successor Agencies totals $2,005,308,473. Total financing includes $1,928,662,987 in revenues and $76,645,486 in fund balance. Monterey County's FY 2024-25 Adopted Budget provides for 5,896.55 full-time equivalent (FTE) positions (Exhibit 1). Adopted Budget details are included in the FY 2024-25 Recommended Budget presented at Budget Hearings on May 29, 2024, and in the attachments to this report. The Board of Supervisors acting as the Boards of Directors of individual special districts and Successor Agencies will consider related budgets, included in the above totals, for adoption during individually convened hearings on June 20, 2024, as appropriate.
General Fund appropriations total $892,271,30...
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