DATE:
December 5, 2023
34
TO:
Board of Supervisors
SUBJECT
Title
FISCAL YEAR 2023-24 FIRST QUARTER OPERATIONAL PLAN STATUS REPORT AND BUDGET ADJUSTMENTS (DISTRICTS: ALL)
Body
OVERVIEW
This report summarizes the status of the County's Fiscal Year 2023-24 Adopted Operational Plan, as measured by projected year-end fund balance from current year operations. The projected year-end balance for the General Fund is $55.7 million (or 0.7% of the General Fund budget), and $97.9 million (or 0.9% of the Overall budget) for all budgetary funds combined. The projected fund balance anticipates an overall positive expenditure variance and an overall negative revenue variance from the Fiscal Year 2023-24 Amended Budget. The projection assumes General Purpose Revenue will perform better than estimated, and Finance and General Government Group and the Land Use and Environment Group will produce operating balances while the Health and Human Services Agency and Public Safety Group are projecting negative operating balances due to projected slowing of sales tax receipts that support HHSA programs, increased costs for the General Relief Program, contributions to support the Ambulance Services Program through County Fire and an estimated payment for Incompetent to Stand Trial determinations with groups staying within legal appropriation limit by year-end. The General Fund year-end fund balance projection includes COVID-19 response costs primarily funded through American Rescue Plan Act (ARPA) funds and anticipates receipt of additional Federal Emergency Management Agency (FEMA) revenue to cover costs incurred. Total FEMA costs are currently estimated at $437.0 million. This includes $436.3 million of costs incurred from the beginning of the pandemic through May 11, 2023 when FEMA eligibility ended and $0.7 million for Fiscal Year 2023-24 for allowable administrative costs to manage the grant beyond the FEMA eligibility date. To date, a total of $254.3 million in FEMA reim...
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