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File #: 17-0133    Name: FY 2016-17 Mid-Year Budget Report
In control: Administrative Office
On agenda: 3/7/2017 Final action: 3/7/2017
Enactment date: Enactment #:
Title: 1. Receive Mid-Year Budget Report for Fiscal Year 2016-17; and, 2. Approve proposed schedule for the recommended and adoption of the Fiscal Year 2017-18 budget, which incorporates a recommended budget by June 20, 2017 with proposed adjustments to this recommended budget to be presented beginning September 18, 2017.
Attachments: 1. Agenda Item, 2. Exhibit A - Mid-Year Revenues, 3. Exhibit B - Mid-Year Expenditures
DATE: March 7, 2017

TO: Board of Supervisors

SUBMITTED BY: Jean M. Rousseau, County Administrative Officer

SUBJECT: FY 2016-17 Mid-Year Budget Report

RECOMMENDED ACTION(S):
TITLE
1. Receive Mid-Year Budget Report for Fiscal Year 2016-17; and,

2. Approve proposed schedule for the recommended and adoption of the Fiscal Year 2017-18 budget, which incorporates a recommended budget by June 20, 2017 with proposed adjustments to this recommended budget to be presented beginning September 18, 2017.
REPORT

ALTERNATIVE ACTION(S):

There are no viable alternative actions.

FISCAL IMPACT:

There is no additional Net County Cost associated with the recommended action.

DISCUSSION:

INTRODUCTION

The Mid-Year Budget Report is an opportunity to review the financial condition of the operating budget approved by the Board of Supervisors on June 21, 2016, for the County of Fresno. It also provides an opportunity to evaluate the fiscal outlook of the economy, allowing adequate preparation for the following fiscal year's budget.

Organizationally, 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 significant upcoming state and federal budget impacts to the County. Part IV discusses the proposed budget development schedule for FY 2017-18.

I. MID-YEAR FINANCIAL CONDITION OF THE GENERAL FUND BUDGET FOR FY 2016-17

As a part of this overall review, staff evaluated budgetary reports at mid-year, performed a number of analytical techniques, conducted interviews with and asked for input from departments. Staff also analyzed state and federal proposed fiscal budgets and legislation for their relevance to next year's budgetary cycle.

Based on this mid-year review process, the General Fund Budget is projected to be in a positive position going into the last quarter of the fiscal year. Carryover fund balance (revenues and fu...

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