Title
Adopt a Resolution to:
a. Accept the Budget End-of-Year Report for FY 2020-21 from the County Administrative Office.
b. Authorize the County Administrative Office to make the following fund balance designations in FY 2021-22 and authorize and direct the Auditor-Controller to make the fund balance changes in Advantage:
1. Authorize the creation of a new section 115 pension trust assignment and authorize assigning $30,641,609 financed by unassigned fund balance.
2. Designate $9,527,138 to the Compensated Absences Assignment (BSA 3115) to continue to keep reserves for employee vacation accruals financed by unassigned fund balance.
3. Designate $3,100,000 in a new sub-account in the General Capital Assignment (BSA 3065) for the future replacement of the Sheriff radios financed by unassigned fund balance.
4. Designate $526,700 in a sub-account in the General Capital Assignment (BSA 3065) for the capital equipment for the Elections Department financed by unassigned fund balance.
5. Release $550,000 from the Information Technology Charges Mitigation Assignment (BSA 3124) and assign $550,000 to the new sub-account within the General Capital Assignment (BSA 3065) for capital equipment for the Elections Department.
c. Authorize a $3,524,746 Natividad contribution to the pension trust (Fund 030) towards its share of the CalPERS miscellaneous plan's pension liability by:
1. Authorize and direct the Auditor-Controller to increase appropriations in the Natividad FY 2021-22 adopted budget (451-NMC001-8142) by $3,524,746 financed by unassigned fund balance, 4/5th vote required; and
2. Transfer $3,524,746 from the Natividad enterprise fund (451-NMC001-8142) to the Pension Liability Fund (030-CAO049-8570) 4/5th vote required.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors adopt Resolution to:
a. Accept the Budget End-of-Year Report for FY 2020-21 from the County Administrative Office.
b. Authorize the County Administrative Office to make the ...
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