File #: 23-164    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 2/10/2023 In control: BOARD OF SUPERVISORS
On agenda: 2/14/2023 Final action:
Title: 2022-23 Mid-Year Budget: (a) Consideration of Resolution Amending Resolution No. 2022-118 to Amend the FY 2022-23 Adopted Budget by Adjusting Reserves, Fund Balance Carry Over, Revenues, and Appropriations; (b) Consideration of Resolution Amending Resolution 2022-119 to Amend the Position Allocations for FY 2022-23 to Conform to the Mid-year Budget Adjustments; and (c) Consideration of Resolution Amending Adopted Budget for FY 2022-23 to Establish Fund 74-John T. Klaus Park, Budget Unit 7074-John T. Klaus Park
Sponsors: Administrative Office
Attachments: 1. FY 22.23 Mid-Year_Budget_Highlights_Narrative, 2. FY 22-23 Mid-Year Adjustment Requests, 3. All Funds Five Year Forecast, 4. GF Five Year Forecast, 5. FY 22-23 Resolution Adopting Mid year Adjustments, 6. FY 22-23 Resolution Mid year Position Allocation, 7. Attachment A, 8. Attachment B, 9. Resolution Establishing Klaus Fund
Memorandum


Date: February 14, 2023

To: The Honorable Lake County Board of Supervisors

From: Susan Parker, County Administrative Officer By Stephen L. Carter, Jr., Assistant County Administrative Officer

Subject: Mid-Year Budget:
(a) Consideration of Resolution Amending Resolution No. 2022-118 to Amend the FY 2022-23 Adopted Budget by Adjusting Reserves, Fund Balance Carry Over, Revenues, and Appropriations;
(b) Consideration of Resolution Amending Resolution 2022-119 to Amend the Position Allocations for FY 2022-23 to Conform to the Mid-year Budget Adjustments; and
(c) Consideration of Resolution Amending Adopted Budget for FY 2022-23 to Establish Fund 74-John T. Klaus Park, Budget Unit 7074-John T. Klaus Park

Executive Summary:

Staff has completed a collaborative mid-year review of the FY 2022-23 budget and associated staffing levels. The resulting recommendations are reflected in attachments hereto.

The mid-year budget resolution makes necessary adjustments to selected budget units to continue funding County operations through the remainder of the fiscal year. The attached Mid-Year Budget Highlights narrative provides an overview and brief summary of the status of the County's FY 2022-23 Budget at the mid-year point, as well as describing the details of the requested budget adjustments.

The Resolution establishing Fund 74, Budget Unit 7074 - John T. Klaus Park will allow for private contributions in the amount of $2,000,000 to be used for the improvement and maintenance costs of the park.

County Department Heads and their fiscal staff continue to monitor expenditures closely and provide the necessary information for your Board to make budget decisions. We greatly appreciate the assistance of the Department Heads and their staff in preparing this report and presenting the recommendations herein for your Board's consideration.

If not budgeted, fill in the blanks below only:
Estimated Cost: ________ Amount Budgeted: ________ Additional Requested: ____...

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