County of Monterey - File #: BC 18-108

• File #: BC 18-108
• Name: Financial report on the Lake Resorts Operations & Fund Transfer $1,993,149
• Type: Budget Committee
• Status: Agenda Ready
• File created: 9/20/2018
• In control: Budget Committee
• On agenda: 10/10/2018
• Title: a. Receive a report on the financial conditions of the lake resorts operations. b. Support funding the FY 2017-18 lake resorts deficit by authorizing the Auditor-Controller to transfer $1,993,149 from General Fund (001) Contingencies to the Lake Resorts Fund (Fund 452, Appropriation Unit RMA102), where funding is a decrease in appropriations by $1,993,149 in Appropriation Unit CAO020-001-8034-7811 and increase appropriations in CAO017-001-8038-7614 by $1,993,149. c. Support funding both operational cash and financing for the lake resorts in FY 2018-19 by authorizing the Auditor-Controller to transfer $1.0 million from General Fund (001) Contingencies to the Lake Resorts Fund (Fund 452, Appropriation Unit RMA102), where funding is a decrease in appropriations by $1,000,000 in CAO020-001-8034-7811 and increase appropriations in CAO017-001-8038-7614 by $1,000,000. d. Support funding fuel spill remediation at the Lakes. It is recommended that the General Fund (001) Contingencies sourc...

Date	Action By	Action	Result
10/10/2018	Budget Committee

Title
a. Receive a report on the financial conditions of the lake resorts operations.
b. Support funding the FY 2017-18 lake resorts deficit by authorizing the Auditor-Controller to transfer $1,993,149 from General Fund (001) Contingencies to the Lake Resorts Fund (Fund 452, Appropriation Unit RMA102), where funding is a decrease in appropriations by $1,993,149 in Appropriation Unit CAO020-001-8034-7811 and increase appropriations in CAO017-001-8038-7614 by $1,993,149.
c. Support funding both operational cash and financing for the lake resorts in FY 2018-19 by authorizing the Auditor-Controller to transfer $1.0 million from General Fund (001) Contingencies to the Lake Resorts Fund (Fund 452, Appropriation Unit RMA102), where funding is a decrease in appropriations by $1,000,000 in CAO020-001-8034-7811 and increase appropriations in CAO017-001-8038-7614 by $1,000,000.
d. Support funding fuel spill remediation at the Lakes. It is recommended that the General Fund (001) Contingencies source this additional cost to be incurred in County Counsel-Enterprise Risk, Fund 001, Appropriation Unit COU006. Support authorizing the Auditor-Controller to decrease appropriations by $515,000 in Appropriation Unit CAO020-001-8034-7811 and increase appropriations in COU006-001-8429-6613.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors' Budget Committee:
a. Receive a report on the financial conditions of the lake resorts operations.
b. Support funding the FY 2017-18 lake resorts deficit by authorizing the Auditor-Controller to transfer $1,993,149 from General Fund (001) Contingencies to the Lake Resorts Fund (Fund 452, Appropriation Unit RMA102), where funding is a decrease in appropriations by $1,993,149 in Appropriation Unit CAO020-001-8034-7811 and increase appropriations in CAO017-001-8038-7614 by $1,993,149.
c. Support funding both operational cash and financing for the lake resorts in FY 2018-19 by authorizing the Auditor-Controller to transfer ...