File #: 23-1024    Version: 1 Name:
Type: Action Item Status: Agenda Ready
File created: 9/12/2023 In control: BOARD OF SUPERVISORS
On agenda: 9/19/2023 Final action:
Title: 1:30 P.M. – PUBLIC HEARING – (Continued from September 12, 2023) Consideration of the Final Recommended Budget for Fiscal Year 2023/2024 for the County of Lake and Special Districts Governed by the Board of Supervisors
Sponsors: Administrative Office
Attachments: 1. Table of Contents, 2. Resolution Adopting Final Recommended Budget 2023-24, 3. Resolution Amending Position Allocation Final Rec Budget FY 2023-24, 4. Capital Asset List FY 23-24 Final Recommended Budget, 5. Adjustment Summary Final Recommended Budget FY 23-24, 6. Fund Summary Final Recommended Budget FY 23-24, 7. Budget narratives 23-24
Memorandum


Date: September 19, 2023

To: The Honorable Lake County Board of Supervisors

From: Susan Parker, County Administrative Officer
Stephen L. Carter Jr. Assistant County Administrative Officer
Casey Moreno, Deputy County Administrative Officer

Subject: 1:30 P.M. - PUBLIC HEARING - (Continued from September 12, 2023) Consideration of the Final Recommended Budget for Fiscal Year 2023/2024 for the County of Lake and Special Districts Governed by the Board of Supervisors

Executive Summary:
We are pleased to present, for your Board's consideration, the Fiscal Year (FY) 2023-24 Final Recommended Budget. This memorandum is intended to serve as an update to our June 9, 2023 memorandum introducing the FY 2023-24 Recommended Budget. For your reference, that memorandum is also attached to your agenda packet as much of it is still applicable.

Fund Balance Available(carry-over): decreased by just over $11 million from FY 2022-23 to FY 2023-24. This is due to just under $5 million of ARPA funds being spent or transferred to non-general fund departments. There was also $3.5 million transferred to the General Reserve and just under $4 million transferred to the Building and Infrastructure Reserve in FY 2022-23.

American Rescue Plan Act (ARPA) also known as State and Local Fiscal Recovery Funds (SLFRF): The County received $12,506,226. Of that, $4,752,947 has been spent or transferred to non-General Fund departments. $7,711,303 has been budgeted to be spent this fiscal year. $1,000,000 was used to create a Housing trust fund which is reported under reserves. Leaving a balance of $41,976 unbudgeted of the housing and economic allocation.

Allocations that have changed since the board last approved the committee's recommendation:
Project
Approved
Proposed
Mobile Library Vehicle
200,000
150,000
Countywide Credit Card Acceptance
50,000|1010|Granicus ClerkDocs
64,500
54,100
Content Management System
150,000
75,000
CDD-General Plan Update
1,000...

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