TO: Board of Supervisors
FROM: Ryan J. Alsop, County Executive Officer
REPORT BY: Daniel Sanchez, Senior Management Analyst
SUBJECT: Policy for Budgetary Controls and Annual Budget Policy Guidelines
RECOMMENDATION
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Adopt a Resolution to modify the Policy for Budgetary Controls and Annual Budget Policy Guidelines. (No Fiscal Impact; Discretionary)
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BACKGROUND
As the Fiscal Year 2025-26 budget process begins, the CEO proposes revisions to the Policy for Budgetary Controls and Annual Budget Policy Guidelines. The proposed Policy for Budgetary Controls and Annual Budget Policy Guidelines builds on prior budget policies, while being updated to reflect the current conditions of the organization. Staff will return in late February with the Five-Year Forecast of Revenues and Expenditures for the General Fund and the Five-Year Capital Improvement Plan.
The proposed Annual Budget Policy Guidelines contain minor administrative changes. The changes include removing dates and monetary figures, so annual clerical updates are not needed. The current document specifies amounts the General Fund should contribute to various operations. The only monetary figure remaining is the County's Maintenance of Effort obligation for Roads. Removing the exact monetary figures and replacing them with a direction to increase by the Cost-of-Living Adjustment allows the document to not require editing for minor updates.
The Annual Budget Policy Guidelines works with the Five-Year Forecast to inform the annual Recommended Budget. The Annual Budget Policy Guidelines provide long-term strategies to allow the County to provide services through periods of uncertainty and provide consistently sound financial principles. The document primarily focuses on the General Fund and certain related operating funds. As a long-term plan, the Annual Budget Policy Guidelines does not attempt to lay out a detailed blueprint for every scenario. It guides the organization to maintain fiscal...
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