To: Board of Supervisors
From: Executive Office
Meeting Date: March 7, 2017
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Department Contact: |
Carmel J. Angelo |
Phone: |
463-4441 |
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Item Type: Regular Agenda |
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Time Allocated for Item: 1 hour |
Agenda Title:
title
Presentation of FY 2016-17 2nd Quarter Mid-Year Budget Report and Adoption of Resolution Amending the FY 2016-17 Adopted Budget
(Sponsor: Executive Office)
End
Recommended Action/Motion:
recommendation
Accept the FY 2016-17 2nd 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; after presentation of FY 2016-17 1st Quarter Report on November 14, 2016 Amended the FY 2016-17 Adopted 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 2nd Quarter Report includes a brief update on local economic indicators, updates from departments on budget benchmarks through the 2nd Quarter of the fiscal year (July 1st through December 31st), and several recommended budget adjustments. The FY 2016-17 2nd Quarter Report has a larger number of adjustments as advised in the 1st quarter update.
Alternative Action/Motion:
Provide alternate direction to staff related to the FY 2016-17 Budget.
Supplemental Information Available Online at: N/A
Fiscal Impact:
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Source of Funding: Various |
Budgeted in Current F/Y: No |
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Current F/Y Cost: Various |
Annual Recurring Cost: N/A |
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Supervisorial District: All |
Vote Requirement: Majority |
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Agreement/Resolution/Ordinance Approved by County Counsel: Yes
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CEO Liaison: Alan D. Flora, Assistant CEO |
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CEO Review: Yes |
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Comments: