The Board of Supervisors is set to approve budget adjustments totaling $22.2 million next week. These adjustments aim to cover expenses that carried over from the previous fiscal year, which included costs that were likely to reduce the county reserve pool by millions of dollars.
In June, the board approved an $8.61 billion budget for county government for the current fiscal year.
However, certain costs from the 2022-23 period were not yet factored into appropriations, and a review of the previous year’s spending revealed some outstanding expenses that needed attention.
An Executive Office statement explains, “The unresolved year-end adjustments are submitted by departments for board approval in order to ensure a balanced budget within the budgetary unit before the fiscal year is closed.”
Most of the leftover expenses will be covered by accounts other than the General Fund. However, approximately $2.4 million will need to be withdrawn from the General Fund, according to officials.
The “Year-End Cleanup Budget Report” shows that the county’s main contingency account needs to be reduced in order to cover some of the expenses. This account will decrease from $20 million to $6.24 million.
At the beginning of the 2023-24 year, it was projected that the reserve funds would reach $555 million by the end of the fiscal year. This is compared to an estimated reserve pool of $537 million at the end of the previous year in June.
If the board approves the latest round of expenses, it would likely lower the earlier projection.
The Executive Office affirms that the budget remains structurally balanced.
In June, County CEO Jeff Van Wagenen stated that the current budget “creates the opportunity to enhance the efforts of our departments providing vital programs for our constituents countywide.”
The 2023-24 budget is approximately 15% larger than the previous year’s budget of about $7.45 billion. Nearly half of the appropriations consist of state and federal “pass-through” funds that the board has little to no control over.
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