Title
Adopt a resolution to:
a. Authorize and direct the Auditor-Controller to approve an Operating transfer out of $402,500 for Fiscal Year 2023-24 from Laguna Seca Recreation Area Fund 453, Appropriation unit PFP067 to General Fund 001, Non-Program Revenue Appropriation Unit CAO019, Unit 8041, where Fund 453 has sufficient appropriations in its original adopted budget to finance this operating transfer.
b. Authorize and direct the County Administrative Office (CAO) and the Public Works, Facilities and Parks (PWFP) to include in their respective budgets for Fiscal years 2025 to 2028 all future annual Operating transfers to General Fund 001, Non-Program Revenue Appropriation Unit CAO019, Unit 8041, for a total amount of $1,231,959, to be financed by the anticipated revenues from the Sponsorship Fees scheduled to be received from Gruma Corporation (dba Mission Foods) under its Sponsorship Agreement with the County of Monterey, passed and adopted on August 22, 2023.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors adopt a resolution to:?
a. Authorize and direct the Auditor-Controller to approve an Operating transfer out of $402,500 for Fiscal Year 2023-24 from Laguna Seca Recreation Area Fund 453, Appropriation unit PFP067 to General Fund 001, Non-Program Revenue Appropriation Unit CAO019, Unit 8041, where Fund 453 has sufficient appropriations in its original adopted budget to finance this operating transfer.
b. Authorize and direct the County Administrative Office (CAO) and the Public Works, Facilities and Parks (PWFP) to include in their respective budgets for Fiscal years 2025 to 2028 all future annual Operating transfers to General Fund 001, Non-Program Revenue Appropriation Unit CAO019, Unit 8041, for a total amount of $1,231,959, to be financed by the anticipated revenues from the Sponsorship Fees scheduled to be received from Gruma Corporation (dba Mission Foods) under its Sponsorship Agreement with the County of Monterey, passed...
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