Approve a budget adjustment for the Fiscal Year 2024/25 adopted budget to move $15,000 from Salaries and Benefits into Services and Supplies, resulting in no net increase to the overall budget

Approve a budget adjustment for the Fiscal Year 2024/25 adopted budget to: (1) reduce Account 500100 Regular Employees from $325,388 to $310,388 (a net decrease of $15,000); and (2) increase Account 510275 Professional & Specialized Services-Other from $10,000 to $25,000 (a net increase of $15,000) in order to balance Services and Supplies at the object level (i.e. the grouping of all the associated individual accounts). 

None. This item involves moving monies between expenditure categories at the object level so they balance in the FY 2024/25 budget for year-end. Total expenditures have not changed.

LAFCo has approved several contracts for the Elkhorn FPD Reorganization application that were not anticipated when the budget was adopted in May 2024. Per each of these contract approval items, it was noted that LAFCo would have salary savings that could be used for this expense. The recommended adjustment will keep the budget balanced at the object level at year-end.

Per LAFCo Administrative Policies and Procedures Section 5.6, the Commission may make adjustments to its budgets at any time during the fiscal year, as it deems appropriate. Per County policy and practice, the Executive Officer can make adjustments between accounts within a category of accounts in the budget such as "Salaries and Benefits". However, Commission approval is required to move money at the object level, i.e. between budget categories.