DATE: March 28, 2023
TO: Board of Supervisors
SUBMITTED BY: Paul Nerland, County Administrative Officer
SUBJECT: FY 2022-23 Mid-Year Budget Report
RECOMMENDED ACTION(S):
TITLE
1. Receive Mid-Year Budget Report for Fiscal Year 2022-23; and
2. Approve proposed schedule for the Recommended Budget and adoption of the Fiscal Year 2023-24 Budget, which incorporates a Recommended Budget by June 20, 2023 with adjustments to this Recommended Budget to be presented beginning September 11, 2023.
REPORT
ALTERNATIVE ACTION(S):
There are no viable alternative actions.
FISCAL IMPACT:
There is no additional Net County Costs associated with the recommended actions.
DISCUSSION:
INTRODUCTION
The Mid-Year Budget Report for FY 2022-23 is an opportunity to review the financial condition of the Operating Budget approved by the Board of Supervisors on September 12, 2022. It also provides an opportunity to evaluate the fiscal outlook, allowing adequate preparation for the FY 2023-24 Budget.
Part I of this report addresses the mid-year financial condition of the General Fund Budget for the current fiscal year. Part II discusses preliminary projections for the next fiscal year. Part III addresses the potential impacts of the Governor's Proposed 2023-24 Budget issued in January 2023 to the County. Part IV discusses the Proposed Budget development schedule for FY 2022-23.
I. MID-YEAR FINANCIAL CONDITION OF THE GENERAL FUND BUDGET FOR FY 2022-23
As part of the overall review, each General Fund Department was requested to provide a mid-year budget report including projected year-end actuals for expenditures and revenue. In addition, Departments were requested to identify any issues impacting their budget, provide a status of meeting their goals identified in the 2022-23 Adopted Budget, and potential impacts to the Department's FY 2023-24 Budget resulting from the Proposed State Budget. Administrative Office staff evaluated the budgetary reports, including budgetary estimate...
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