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File #: 20-531    Version: 1 Name:
Type: Memo Status: Held
File created: 7/17/2020 Departments: COUNTY MANAGER
On agenda: 7/21/2020 Final action:
Title: Budget Study Session II and recommendation to approve the Measure K and Net County Cost reductions and use of reserves.
Attachments: 1. Item No. 2 - Study Session .pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Special Notice / Hearing: None__
Vote Required: Majority

To: Honorable Board of Supervisors
From: Michael P. Callagy, County Manager
Subject: Study Session and Approval of Recommended FY 2020-21 Net County Cost Targets, Measure K Reductions, and Use of Reserves

Budget Study Session II and recommendation to approve the Measure K and Net County Cost reductions and use of reserves.

On June 23, 2020, the Board approved the $3,200,000,000 FY 2020-21 Recommended Budget by Resolution No. 077481. In light of the uncertainties resulting from the State's unprecedented budget approval process as well as the challenges of preparing the FY 2020-21 Budget in the midst of the County's emergency response efforts, the Recommended Budget did not include additional appropriations for the County's ongoing efforts in response to the Novel Coronavirus pandemic, nor did it reflect the full extent of changes needed as a result of the changing economy due to the pandemic. These changes will be made in the September Revisions that will form the County's FY 2020-21 Adopted Budget.

In considering certain of the changes which will be necessary in connection with adopting the budget, the Board held a Measure K study session at its July 7, 2020 Board meeting during which reductions totaling $20,450,543 were recommended for Measure K. Today, the Board will discuss the Net County Cost target reductions and take action with respect to the County Manager's recommendations for both Measure K, Net County Cost target reductions, and use of Reserves.

Net County Cost represents a budget unit's appropriation that is financed by General Fund revenues in Non-Departmental Services, such as property taxes, sales tax, and interest earnings. As a result of the economic downturn related to the pandemic, the County currently estimates a reduction in revenue of approximately $109.3 million inclusive of the Measure K sales tax. In t...

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