Consider adoption of the Final LAFCo Budget for Fiscal Year 2023/24

1. Receive staff presentation on the Final Budget and open the Public Hearing for any public comments on the item.
2. Close the Public Hearing, consider and adopt the Final LAFCo Budget for FY 2023/24.

The attached LAFCo budget includes proposed revenues and expenditures for LAFCo for FY 2023/24. This budget maintains resources for the Commission to meet its responsibilities under the Cortese-Knox-Hertzberg (CKH) Act. Adopting a final budget will ensure LAFCo is adequately funded to meet its legal obligations and maintain the shared services program.

Each year Yolo LAFCo adopts an annual budget with notice to the four cities and Yolo County. In accordance with the CKH Act, a proposed budget must be adopted by May 1 and final budget by June 15 of each year. Following approval of the final budget and no later than July 1, the auditor requests payment from each agency.

In accordance with the CKH Act, the cities and County split the cost of LAFCo funding 50/50. A formula for the split of the cities’ share is outlined in Government Code Section 56381 (b)(1); which would be in proportion to a city’s tax revenue or an alternative method approved by a majority of the cities. Beginning in FY 2007/08, the cities of Yolo County developed an alternative formula to apportion their 50% of LAFCo funding by averaging a city’s general tax revenue (less grant monies) and population. In other words, the higher the revenue and population of a city relative to the others, the higher the share of the LAFCo budget.   

In summary, each agency's portion of the overall LAFCo budget is listed below, with the previous/current FY noted in parentheses:

City of Davis - 16.16% (previous year 16.40%)
City of West Sacramento - 17.25% (previous year 17.50%)
City of Winters - 1.62% (previous year 1.61%)
City of Woodland - 14.97% (previous year 14.48%)
County of Yolo - 50.00%

• Updated projected salary and benefit costs for this year, which increases projected carryover fund balance by $2,252 used to offset agency costs. 
• Increasing Account 501152 Information Technology Services by $4,500 to cover LAFCo's anticipated portion of annual costs for the OnBase digital file tracking database.