DATE: March 6, 2018
TO: Board of Supervisors
SUBMITTED BY: Jean M. Rousseau, County Administrative Officer
SUBJECT: FY 2017-18 Mid-Year Budget Report
RECOMMENDED ACTION(S):
TITLE
1. Receive Mid-Year Budget Report for Fiscal Year 2017-18; and
2. Approve proposed schedule for the Recommended Budget and adoption of the Fiscal Year 2018-19 Budget, which incorporates a Recommended Budget by June 12, 2018 with proposed adjustments to this Recommended Budget to be presented beginning September 17, 2018.
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 September 18, 2017, for the County of Fresno. It also provides an opportunity to evaluate the fiscal outlook, 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 2018-19.
I. MID-YEAR FINANCIAL CONDITION OF THE GENERAL FUND BUDGET FOR FY 2017-18
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 f...
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