Action 12.
Regular Board of Supervisors Meeting
Board of Supervisors
- Meeting Date:
- 09/28/2021
- Title:
- Fund Community Enhancement Funds from General Fund Contingency
- Submitted By:
- Daniel Duchon, Finance
- Department:
- Finance
Presentation:
No A/V Presentation
Recommendation:
Approve
Document Signatures:
BOS Signature NOT Required
# of ORIGINALS
Submitted for Signature:
Submitted for Signature:
0
NAME
of PRESENTER:
of PRESENTER:
Daniel S. Duchon
TITLE
of PRESENTER:
of PRESENTER:
Budget Manager
Mandated Function?:
Federal or State Mandate
Source of Mandate
or Basis for Support?:
or Basis for Support?:
None
Docket Number (If applicable):
Information
Agenda Item Text:
Approve the transfer of $150,000 from the General Fund Contingency to Community Enhancement Funds, $50,000 for each Supervisor District.
Background:
Historically, the Board of Supervisors budgeted $300,000 for Community Enhancement Funds, $100,000 for each of the three Supervisor Districts. These funds were intended to augment HURF revenue for public work type projects. In FY21, the Community Enhancement Funds were eliminated due to the economic uncertainty surrounding COVID-19. As FY21 began, revenues grew and mid-year the Board elected to fund $75,000 in Community Enhancement Funds, $25,000 for each Supervisor District. For FY22, the Community Enhancement Funds were not budgeted. This agenda item will fund the Community Enhancement Funds program for $150,000 in FY22, being $50,000 for each Supervisor District.
Current General Fund Contingency is 17.9m in standard contingency, and 5.7m in contingency from savings in FY21. Total contingency is 23.6m. This move will reduce General Fund Contingency to 17.75m, and the total contingency to 23.45m. These amounts still preserve a healthy General Fund Contingency.
Current General Fund Contingency is 17.9m in standard contingency, and 5.7m in contingency from savings in FY21. Total contingency is 23.6m. This move will reduce General Fund Contingency to 17.75m, and the total contingency to 23.45m. These amounts still preserve a healthy General Fund Contingency.
Department's Next Steps (if approved):
Department will complete budget amendment and fund the CEF program.
Impact of NOT Approving/Alternatives:
BOS will not have CEF program.
To BOS Staff: Document Disposition/Follow-Up:
Approved minutes to budget.
Fiscal Impact
- Fiscal Year:
- FY22
- One-time Fixed Costs? ($$$):
- 150,000
- Ongoing Costs? ($$$):
- 0
- County Match Required? ($$$):
- 0
- A-87 Overhead Amt? (Co. Cost Allocation $$$):
- 0
- Source of Funding?:
- Yes
Fiscal Impact & Funding Sources (if known):
Cost of 150,000. Source of funding - General Fund Contingency (100-9900-9-491.100).
Attachments
No file(s) attached.