TO: Members of the Governing Board
FROM: Tracy Schulze - Auditor-Controller
REPORT BY: Georgina Panganiban - Deputy Auditor-Controller
SUBJECT: Fiscal Year 2025-26 Budget Carry Forward for Continued Projects and Related Contract Encumbrances
RECOMMENDATION
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Approve the carry forward Budget Amendment for Fiscal Year 2025-26, of estimated Fiscal Year 2024-25 remaining budget and related contract encumbrances for projects not completed for Lake Berryessa Resort Improvement District as of June 30, 2025. (Fiscal Impact: Revenues of $1,766,227, Expenditures of $4,646,087, Various Funds, Not Budgeted; Discretionary)
[4/5 vote required]
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BACKGROUND
Due to the size of the projects and timing of contract awards, projects are often started in one fiscal year yet completed in a future year.
Attachment A provides a listing of current Capital Improvement Projects with related contracts to be rolled over to the new fiscal year, in the amount of $4,646,087. Revenues of $1,766,227 listed are not yet received and will be carried forward budgeted amounts to be received in the following year. The remainder of funds needed for these projects have already been restricted through the project approval or contract encumbrance process and will flow into the following year.
None of the items listed on this attachment were included in the Fiscal Year 2025-26 budget. Once all June invoices are paid, these amounts will be adjusted, and final carry forward budgets will be determined. The Auditor-Controller will provide a final listing as part of the year-end letter for the ratification of the final appropriations to be carried forward.
Requested Action:
Approve and authorize the carry forward budget amendment for Fiscal Year 2025-26, of estimated Fiscal Year 2024-25 remaining budget and related contract encumbrances for projects not completed as of June 30, 2025.
FISCAL & STRATEGIC PLAN IMPACT
Is there a Fiscal Impact?
Yes
Is it currently budgeted?
No
Where is it budgeted?...
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