Title
Support amending the Fiscal Year 2024-25 Adopted Budget for the County Administrative Office Contracts & Purchasing (001-1050-CAO002-8047), to increase appropriations by $28,140, financed by an increase in estimated revenues by $8,040, and a decrease in appropriations of $20,100 in the County Administrative Office Administration & Finance (001-1050-CAO001-8045).
Report
RECOMMENDATION:
It is recommended that the Budget Committee support amending the Fiscal Year 2024-25 Adopted Budget for the County Administrative Office Contracts & Purchasing (001-1050-CAO002-8047), to increase appropriations by $28,140, financed by an increase in estimated revenues by $8,040, and a decrease in appropriations of $20,100 in the County Administrative Office Administration & Finance (001-1050-CAO001-8045).
SUMMARY:
In preparation for the Fiscal Year (FY) 2024-25 fiscal year-end close, the County Administrative Office (CAO) has prepared an analysis of the budget to actuals by appropriation unit. The CAO forecasts one unit will exceed appropriations primarily due to unbudgeted emergency pay in response to the Vistra Moss Landing Fire, retirement/ leave accrual payouts, and an overage in property insurance. To address the deficit, the CAO is requesting a transfer of appropriations within the department and an increase in budgeted revenues attributed to County Surplus Program sales.
DISCUSSION:
The FY 2024-25 Adopted Budget for the CAO Contracts & Purchasing is forecasted to exceed its budget by $28,140. The overage is primarily attributed to two retirement/ leave accrual payouts totaling $5,646, an overage in property insurance costs totaling $5,637, and emergency pay in response to the Vistra Moss Landing Fire totaling $5,476.
To address the deficit, the CAO is requesting a transfer of appropriations within the department totaling $20,100, and an increase in budgeted revenues totaling $8,040 to account for sales revenue from the County Surplus Program.
During FY 2024-25, Co...
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