Title
a. Support use of General Fund Strategic Reserves to provide advance funding to the Public Works, Facilities and Parks Department's (PWFP) Road Fund to complete the Fiscal Year (FY) 2022-23 January/March and FY 2023-24 February Winter Storm Repair Projects to be repaid with reimbursements from the Federal Emergency Management Agency (FEMA) and other federal and state agencies;
b. Support authorizing and directing the Auditor-Controller to amend the FY 2023-24 adopted budget as follows:
1. Transfer $13,888,897 from the Strategic Reserve (BSA 001-3111) to the Disaster Assistance
Assignment (BSA 001-3126);
2. Increase appropriations by $13,888,897 in the County Administrative Office (CAO) General
Fund 001, Other Financing Uses Appropriation Unit CAO017 financed by a release of
$13,888,897 in Disaster Assistance Assignment (BSA 001-3126);
3. Increase appropriations by $19,735,761 in the Road Fund 002, Appropriation Unit PFP004,
financed by $13,888,897 operating transfer from General Fund 001, Other Financing Uses
Appropriation Unit CAO017 and $5,846,864 from Road Fund Restricted Fund Balance
(002-3044-STRM); and
c. Transfer $13,888,897 from General Fund 001, Other Financing Uses Appropriation Unit
CAO017 to Road Fund 002, Appropriation Unit PFP004.
Report
RECOMMENDATION:
It is recommended that the Budget Committee:
a. Support allocating General Fund Strategic Reserves to provide advance funding to the Public Works, Facilities and Parks Department's (PWFP) Road Fund to complete the Fiscal Year (FY) 2022-23 January/March and FY 2023-24 February Winter Storm Repair Projects to be repaid with reimbursements from the Federal Emergency Management Agency (FEMA) and other federal and state agencies;
b. Support authorizing and directing the Auditor-Controller to amend the FY 2023-24 adopted budget as follows:
1. Transfer $13,888,897 from the Strategic Reserve (BSA 001-3111) to the Disaster Assistance...
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