TO: Board of Supervisors
FROM: David Morrison, Interim County Executive Officer
REPORT BY: Daniel Sanchez, Senior Management Analyst
SUBJECT: Approval of FY 2023-24 Budget Policy, Strategic Financial Plan, and Budget Calendar
RECOMMENDATION
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Interim County Executive Officer requests approval of the Fiscal Year 2023-24 Budget Policies, Strategic Financial Plan and Budget Calendar.
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EXECUTIVE SUMMARY
To begin the annual budget development process, staff has reviewed the 2022-23 Budget Policies and Strategic Financial Plan adopted by the Board. Staff has updated and evaluated the impact of both documents.
Budget hearings have been scheduled for June 12 and 13, 2023, with adoption scheduled for June 27, 2023. Staff has developed a calendar to ensure completion of the recommended budget in this timeframe.
PROCEDURAL REQUIREMENTS
1. Staff Report
2. Board Discussion
3. Public Comment
4. Motion, second, and vote
FISCAL & STRATEGIC PLAN IMPACT
Is there a Fiscal Impact?
No
County Strategic Plan pillar addressed:
Effective and Open Government
ENVIRONMENTAL IMPACT
ENVIRONMENTAL DETERMINATION: N/A
BACKGROUND AND DISCUSSION
As the FY2023-24 budget process begins, the Board is asked to review, revise, and approve the proposed Budget Policies, Strategic Financial Plan, and Budget Calendar that will guide staff in developing the FY2023-24 Recommended Budget.
The proposed FY2023-24 budget policies build on prior budget policies, while being updated to reflect the current conditions of the organization. After the 2022-23 budget process, staff reviewed the budget policy framework, and these policies are being recommended within the framework described below. Staff will return in late February with the 5-Year Forecast.
The annual Budget Policies work with the Strategic Financial Plan and the annual 5-Year Forecast to guide development of the annual Recommended Budget, as well as any mid-year budget adjustments.
The Strategic Financial Plan provides long-ter...
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