TO: Board of Supervisors
FROM: Executive Office
MEETING DATE: November 14, 2016
DEPARTMENT CONTACT:
Carmel J. Angelo
PHONE:
463-4441
DEPARTMENT CONTACT:
Alan D. Flora
PHONE:
463-4441
ITEM TYPE: Regular Agenda
TIME ALLOCATED FOR ITEM: 1 hour
AGENDA TITLE:
title
Presentation of FY 2016-17 1st Quarter Budget Report and Adoption of Resolution Amending the FY 2016-17 Adopted Budget
End
RECOMMENDED ACTION/MOTION:
recommendation
Accept the FY 2016-17 1st Quarter Budget Report; adopt Resolution amending the FY 2016-17 Adopted Budget; and authorize Chair to sign same.
End
PREVIOUS BOARD/BOARD COMMITTEE ACTIONS:
After budget hearings held on June 7th and 8th, on June 21, 2016 the Board of Supervisors Adopted the FY 2016-17 Mendocino County Budget.
SUMMARY OF REQUEST:
In previous years the Board of Supervisors have approved a Recommended Budget in June and adopts a final budget in September or October after the previous year's books are closed by the County Auditor. For FY 2016-17 the Board adopted a budget in June, prior to the previous year's books being closed. This budget was based on end of the fiscal year projections, rather than actual numbers.
The 1st Quarter Report includes a brief update on local economic indicators, updates from departments on budget benchmarks through the 1st Quarter of the fiscal year (July 1st through September 30th), and several recommended budget adjustments. Some departments expect the need to amend their budgets at some point in the fiscal year, but the Executive Office has recommended only critical adjustments be made this early in the year. A larger number of adjustments may be considered during the Mid-Year (2nd Quarter) Report, anticipated in February.
The Auditor-Controller closed the FY 2015-16 books on August 31st. After the final numbers were compiled, the General Fund had a savings of $8,827,145, or $2,692,253 more than the projections included in the Adopted Budget. The 1st Quarter Rep...
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