Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: John L. Maltbie, County Manager
Subject: Final Budget Changes to the Fiscal Year 2017-18 Approved Recommended Budget
RECOMMENDATION:
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Approve the following actions related to final budget changes to the Fiscal Year 2017-18 Approved Recommended Budget:
A) Adopt resolutions:
1. Approving the revised County of San Mateo budget as to the expenditures for Fiscal Year 2017-18 and making appropriations therefore; and
2. Approving the revised County of San Mateo budget as to the means of financing for Fiscal Year 2017-18; and
3. Establishing the appropriation limit for the County of San Mateo for Fiscal Year 2017-18; and
4. Amending the Master Salary Resolution for changes related to the Fiscal Year 2017-18 budget.
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BACKGROUND:
The County Budget Act (Government Code ?? 29000-29144, 30200, and 53065) requires that the Board of Supervisors adopt the County budget by October 2.
On June 21, 2017, the Board formally approved the FY 2017-18 Recommended Budget. The purpose of this budget transmittal is to seek formal approval of the FY 2017-18 Adopted Budget, which has been amended to include FY 2016-17 year-end Fund Balance adjustments; the reappropriation of capital improvement projects, IT projects and Measure K initiatives; and other adjustments deemed necessary to ensure the effective delivery of services that contribute to achieving County goals.
DISCUSSION:
The Recommended Budget that the Board approved on June 21, 2017 was $2.69 billion with 5,508 authorized positions. With the completion of the County's year-end financial closing activities and availability of updated information, increases of $123.1 million or 4.6 percent are proposed to the FY 2017-18 Adopted Budget.
These changes consist of $101 million in final Fund Balance adjustments and $22.1 million in September revisions, with a net increase of nine authorized positions....
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