DATE: April 9, 2019
TO: Board of Supervisors
SUBMITTED BY: Jean M. Rousseau, County Administrative Officer
SUBJECT: FY 2018-19 Mid-Year Budget Report
RECOMMENDED ACTION(S):
TITLE
1. Receive Mid-Year Budget Report for Fiscal Year 2018-19; and
2. Approve proposed schedule for the Recommended Budget and adoption of the Fiscal Year 2019-20 Budget, which incorporates a Recommended Budget by June 18, 2019 with proposed adjustments to this Recommended Budget to be presented beginning September 16, 2019.
REPORT
ALTERNATIVE ACTION(S):
There are no viable alternative actions.
FISCAL IMPACT:
There is no additional Net County Cost associated with the recommended actions.
DISCUSSION:
INTRODUCTION
The Mid-Year Budget Report for FY 2018-19 is an opportunity to review the financial condition of the Operating Budget approved by the Board of Supervisors on September 17, 2018, for the County of Fresno. It also provides an opportunity to evaluate the fiscal outlook, allowing adequate preparation for the following FY 2019-20 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 upcoming State budget impacts to the County. Part IV discusses the Proposed Budget development schedule for FY 2019-20.
I. MID-YEAR FINANCIAL CONDITION OF THE GENERAL FUND BUDGET FOR FY 2018-19
As a part of this overall review, county 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 the State's Proposed FY 2019-20 Budget and legislation for their relevance to next year's budgetary cycle.
Based on this mid-year review process, the CAO projects the General Fund Budget to be in a positive position going into the last quarter of the fiscal year. Carryover fund balance (revenues and fund balance in excess...
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