File #: 24-986    Version: 1 Name:
Type: Action Item Status: Agenda Ready
File created: 9/13/2024 In control: BOARD OF SUPERVISORS
On agenda: 9/24/2024 Final action:
Title: 10:30 A.M. – PUBLIC HEARING – Consideration of the Final Recommended Budget for Fiscal Year 2024/2025 for the County of Lake and Special Districts Governed by the Board of Supervisors
Sponsors: Administrative Office
Attachments: 1. Resolution Adopting Final Recommended Budget 24-25, 2. Resolution for Position Allocation Final Recommended Budget 24-25, 3. Table of Contents Final Recommended 24-25, 4. Capital Asset List Final Recommended 24-25, 5. Adjustment Summary Final Recommended 24-25, 6. Fund Summary Final Recommended 24-25, 7. Budget Narratives Final Recommended 24-25
Memorandum


Date: September 24, 2024

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: 10:30 A.M. - PUBLIC HEARING - Consideration of the Final Recommended Budget for Fiscal Year 2024-2025 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) 2024-25 Final Recommended Budget. This memorandum is intended to serve as an update to our June 20, 2024, memorandum introducing the FY 2024-25 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): There is minimal additional FBA at this time as what was projected has been budgeted by departments.

American Rescue Plan Act (ARPA) also known as State and Local Fiscal Recovery Funds (SLFRF): The County received $12,506,226. Of that, $7,971,856 has been spent or transferred to non-General Fund departments. The remaining $4,534,370 has been budgeted to be spent this fiscal year.

Allocations that have changed since the board last approved the committee's recommendation:
Project
Approved
Proposed
Special Districts Studies|1010|200,000
Middletown Multi-Use|1010|250,000
Middletown Park|1010|100,000
NCO Build, Funding an additional cohort
800,000
1,000,000
Housing Strategic Plan
300,000
270,000
Economic Development Strategic Plan
300,000
265,000
Housing/Economic Department
2,000,000
1,500,000
EMS Contract
150,000|1010|
Property tax: The increase in property taxes received between FY 2022-23 and FY 2023-24 was $119,499, which equated to a 0.38% increase.

Sales Tax: Bradley-Burns (1%) Sales tax revenues received in FY 2023-24 equaled $4,264,576 which was a decrease of $157,703 over FY 2022-23...

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