Title
Consider approval and adoption of the Fiscal Year (FY) 2014-15 Budget for the County of Monterey, incorporating the FY 2014-15 Recommended Budget and additional modifications directed by the Board at the June 10, 2014 Budget Hearings (4/5ths Vote Required). (EXHIBIT 1 REVISED VIA SUPPLEMENTAL)
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors (Board) consider approval and adoption of the Fiscal Year (FY) 2014-15 Budget for the County of Monterey, incorporating the FY 2014-15 Recommended Budget and additional modifications directed by the Board at the June 10, 2014 Budget Hearings (4/5ths Vote Required).
SUMMARY:
The County Administrative Office (CAO) presented the FY 2014-15 Recommended Budget to the Board of Supervisors at Budget Hearings on June 10, 2014. The Board approved a number of modifications and directed staff to incorporate related changes in the budget for adoption on June 24, 2014. Budget Hearing modifications directed by the Board are detailed in Attachment A and Exhibit 1. During Budget Hearings, the Board directed additional follow-up for a number of pending budgetary issues. Specific referrals and anticipated dates of response back to the Board are detailed on Attachment B.
DISCUSSION:
The FY 2014-15 Budget for all funds governed by the Board of Supervisors, the Board of Supervisors Acting as the Boards of Directors of individual Special Districts and Successor Agencies, and the Board of Supervisors of the Monterey County Water Resources Agency totals $1,096,828,810. Total financing includes a beginning fund balance of $46,907,208 and $1,049,921,602 in revenues. Monterey County's FY 2014-15 Adopted Budget provides for 4,895 full-time equivalent (FTE) positions (Exhibit 1). The Board of Supervisors Acting as the Boards of Directors of individual Special Districts and Successor Agencies and the Board of Supervisors of the Monterey County Water Resources Agency will consider related budgets, inclus...
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