Title
Acting as the Board of Directors of the East Garrison Public Financing Authority:
Consider adopting a Resolution to approve the Fiscal Year 2017-18 Budget for the East Garrison Public Financing Authority.
Report
RECOMMENDATION:
Acting as the Board of Directors of the East Garrison Public Financing Authority consider adopting a Resolution to approve the Fiscal Year 2017-18 Budget for the East Garrison Public Financing Authority.
SUMMARY/DISCUSSION:
The County Administrative Office recommends that the Board of Supervisors (Board) approve and adopt the FY 2017-18 Budget for the East Garrison Public Financing Authority. This budget is unchanged from the FY 2017-18 Recommended Budget as presented and received by the Board during Budget Hearings on June 6, 2017. The FY 2017-18 Budget for the East Garrison Public Financing Authority includes $705,744 in total appropriations, offset by estimated revenue of $850,000, for a total net increase of $144,256 in unreserved fund balance.
OTHER AGENCY INVOLVEMENT:
The County Administrative Office prepared the East Garrison Public Financing Authority FY 2017-18 Adopted Budget resolution reflecting Board approval of the FY 2017-18 Recommended Budget as presented on June 6, 2017.
FINANCING:
The East Garrison Public Financing Authority FY 2017-18 Adopted Budget Resolution reflecting Board approval by reference of the FY 2017-18 Recommended Budget as presented on June 6, 2017 represents a balanced budget and meets all requirements for adoption.
BOARD OF SUPERVISORS STRATEGIC INITIATIVES:
The recommendation to approve the East Garrison Public Financing Authority FY 2017-18 budget is consistent with the Board of Supervisors' Strategic Initiative for Administration. The East Garrison Public Financing Authority District FY 2017-18 budget represents a balanced budget that sustains core services and efficiently allocates resources.
Check the related Board of Supervisors Strategic Initiatives:
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