Title
Consider adopting a resolution approving the Fiscal Year (FY) 2020-21 Budget for the County of Monterey, incorporating the FY 2020-21 Recommended Budget, which includes the County's General Financial Policies, and additional modifications directed by the Board at the June 1-2, 2020 Budget Hearings.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
Consider adopting a resolution approving the Fiscal Year (FY) 2020-21 Budget for the County of Monterey, incorporating the FY 2020-21 Recommended Budget, which includes the County's General Financial Policies, and additional modifications directed by the Board at the June 1-2, 2020 Budget Hearings.
SUMMARY:
The County Administrative Office (CAO) presented the FY 2020-21 Recommended Budget to the Board of Supervisors at the Budget Hearings on June 1, 2020. The Board approved several modifications on June 2, 2020, including amendments to the General Financial Policies (for FY 2020-21 only), and directed staff to incorporate related changes in the budget for adoption on June 23, 2020. 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 Board authorized the CAO to adjust the Recommended Budget to reflect the final FY 2020-21 Countywide Cost Allocation Plan (COWCAP) charges as reported in Attachment C.
DISCUSSION:
The FY 2020-21 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 $1,644,045,165. Total financing includes use of fund balance of $53,131,598 and $1,590,913,567 in revenues. Monterey County's FY 2020-21 Adopted Budget provides for 5,407.6 full-time equivalent (FTE) positions (Exhibit 1). Adopted Budget details are included in th...
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