Title
Consider adopting a resolution approving the Fiscal Year (FY) 2019-20 Budget for the County of Monterey, incorporating the FY 2019-20 Recommended Budget, which includes the County's General Financial Policies, and additional modifications directed by the Board at the June 3, 2019 Budget Hearings.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
Consider adopting a resolution approving the Fiscal Year (FY) 2019-20 Budget for the County of Monterey, incorporating the FY 2019-20 Recommended Budget, which includes the County's General Financial Policies, and additional modifications directed by the Board at the June 3, 2019 Budget Hearings.
SUMMARY:
The County Administrative Office (CAO) presented the FY 2019-20 Recommended Budget to the Board of Supervisors at the Budget Hearings on June 3, 2019. The Board approved a number of modifications, including amendments to the General Financial Policies, and directed staff to incorporate related changes in the budget for adoption on June 25, 2019. Budget Hearing modifications are detailed in Attachment A and Exhibit 1. During Budget Hearings, the Board directed additional follow-up for several pending issues. Specific referrals and anticipated dates of response back to the Board are detailed in Attachment B. In addition, the Recommended Budget authorizes the CAO to make adjustments if needed to correct clerical errors as reported in Attachment C.
DISCUSSION:
The FY 2019-20 Budget for all funds governed by the Board of Supervisors and the Board of Supervisors acting as the Board of Directors of individual special districts and Successor Agencies totals $1,543,935,174. Total financing includes use of fund balance of $29,693,575 and $1,514,241,599 in revenues. Monterey County's FY 2019-20 Adopted Budget provides for 5,361.5 full-time equivalent (FTE) positions (Exhibit 1). Adopted Budget details are included in the FY 2019-20 Recommended Budget presented at Budget Hearings on June 3, 2019 and i...
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