Title
a. Receive and accept the FY 2015-16 Budget End of Year Report from the County Administrative Office;
b. Authorize the Auditor-Controller's Office to modify the FY 2016-17 Adopted Budget by increasing revenue in the amount of $2,866,568 to be allocated to the District Attorney and Emergency Communications Departmental budgets as outlined on the last page of the Budget End of Year Report (4/5th vote required).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Receive and accept the FY 2015-16 Budget End of Year Report from the County Administrative Office.
b. Authorize the Auditor-Controller's Office to modify the FY 2016-17 Adopted Budget by increasing revenue in the amount of $2,866,568 as outlined on the last page of the Budget End of Year Report (4/5th vote required).
SUMMARY:
The Budget End of Year Report (BEYR) evaluates year-end fiscal performance, including successes and shortfalls, in comparison to the County's budget (operating plan), as adopted and modified by the Board of Supervisors (Board). Production of the BEYR is a collaborative effort between the County Administrative Office and operating departments following year-end closing adjustments overseen by the Auditor-Controller and published in the County's financial system. This version of the BEYR evaluates the County's fiscal condition for the year ending June 30, 2016.
DISCUSSION:
The County's general fund ended FY 2015-16 with positive fiscal performance. The County began the fiscal year with $6.6 million in unassigned fund balance, utilized $10.7 million in existing fund balance (mostly for jail and juvenile hall construction), and earned revenue of $570.3 million, for total available financing of $587.7 million. This available financing was used to support year-end expenditures of $561.0 million, assignments (i.e., commitments) to fund balance totaling $17.0 million, and transfers of $2.7 million of special-purpose monies into restricted fund balance, for...
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