File #: 17-1013    Name: First Quarter Financial Update FY 2017-18 - Sep 2017
Type: General Agenda Item Status: Filed
File created: 9/25/2017 In control: Board of Supervisors
On agenda: 10/10/2017 Final action: 10/10/2017
Title: a. Receive the First Quarter Update to the FY 2017-18 Adopted Budget; and b. Provide direction to staff.
Attachments: 1. Board Report, 2. Q1_1718_Update_092617, 3. Q1_Update_092817 ppt, 4. Completed Board Order

Title

a. Receive the First Quarter Update to the FY 2017-18 Adopted Budget; and

b. Provide direction to staff.

Report

RECOMMENDATION:

It is recommended that the Board of Supervisors:

a. Receive the First Quarter Update to the FY 2017-18 Adopted Budget; and

b. Provide direction to staff.

 

SUMMARY:

This report provides an update on the FY 2017-18 Adopted Budget as of the first quarter of FY 2017-18.

 

DISCUSSION:

Various budget challenges and unfunded needs have emerged in recent months. As of the first quarter of FY 2017-18, these unfunded needs total $13.7 million. The attached report examines these various unfunded needs in depth and provides solutions for consideration by the Board of Supervisors.

 

OTHER AGENCY INVOLVEMENT:

Budget staff in the County Administrative Office have worked with impacted departments to analyze their unfunded needs and develop potential solutions. 

 

FINANCING:

Receipt of this informational report does not have a budgetary impact.

 

BOARD OF SUPERVISORS STRATEGIC INITIATIVES:

This financial update supports the Board’s strategic initiative to promote an organization that

practices efficient and effective resource management. An important objective of this

strategic initiative is achieving a structurally balanced budget that sustains core services and efficiently allocates resources.

 

__Economic Development

X Administration

__Health & Human Services

__Infrastructure

__Public Safety

 

Prepared by: Paul Lewis, County Budget Director, x3078

 

Approved by: Dewayne Woods, Assistant County Administrative Officer, x5309

 

Attachment:                     A - First Quarter Update to the FY 2017-18 Adopted Budget; and

                     B - Powerpoint presentation