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HomeMy WebLinkAbout2010-11 final budget adjustments . .~.: . .. u to _ J~J _ LAND OF NATURAL WEALTH AND BEAUTY ~~ OFFICE OFTHE AUDITOR-CONTROLLER COUNTY ADMINISTRATION BUILDING 25 COIrNTY CENTER DRIVE • OROVILLE, CALIFORNIA 95965-3383 TELEPHONE: (530) 538-7607 FAX: (530) 538.7693 TO: Board of Supervisors ~ ~ ~ ~'rr cotrrvTY narNrs ~ ~RArroN FROM: Auditor-Controller ~ SEP ~~2~~~ DATE: September 21, 2011 ORONL~-~. cALrr+ORNIA SUBJECT: FY 2010-11 Final Budget Adjustments Per Resolution 11-067, Resolution Adopting Appropr°iatiorzs For The Fiscal Year- 2011- 2012 Budget, the Auditor-Controller is requested to report all rcdjustlnerrts to appropriations needed to balance ccray fund to the Butte County Boarcl of Supervisors. The analysis below is divided into two sections: The General Fund -Fund Balance section shows the decrease to the estimated Available General Fund after posting all transactions and establishing the General Reserve at June 30, 2011. The General Fund -Contingency Section shows the decrease to estimated Contingencies and final appropriation taking into account contingencies used for Schedule B. GENERAL FUND -FUND BALANCE Estimated Available Fund Balance per Recon~n~ended Budget, Schedule 1. ~ 19,500,000 Decrease of Available Fund Balance per final year end close. (1,Sb0,515} General Reserve by Board Resolution 11-067. ~ {5,000,000 Final Fund Balance at June 30, 201 1, currently used for funding FY 11112 Approved Budget. $ 12,639,485 GENERAL FUND -CONTINGENCY Appropriation for Contingencies per Recorrrrxrended Budget, Schedule 7 $ 3,500,000 Adjustments to Contingencies by Board Resolution for Schedule B {80,000) Amount required to adjust contingencies. (1,S60,S1 S} Final Appropriation for Contingencies for Fiscal Year 2011/2012 ~ 1,559,455 ~c:~~~ resolution WHEREAS, the Board of Supervisors of the County of Butte, State of California has heretofore approved a Recommended Budget for the County of Butte and held a duly noticed hearing thereon as required by law for the purpose of developing an Adopted Budget for the fiscal year 2011-2012; and WHEREAS, said hearing was concluded on 3une 28, 2011, in the Board of Supervisors Room in the Butte County Administration Building, Oroville, California; and WHEREAS, the Chief Administrative Officer has submitted a written compilation of the modifications to the Recommended Budget tentatively approved by the Board of Supervisors during the hearing. NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of the County of Butte, State of California, that the Recommended Budget, as modified by the amendxnents se# forth in Schedule A and Schedule B, and by Board direction resulting from the hearing is hereby adopted as the Adopted Budget for the County of Butte for fiscal year 2011-2012; and BE IT FURTHER RESOLVED that the Auditor-Controller is hereby authorized to adjust lnterfund and Intrafund account appropriations and estimates to reflect the effect of the aforementioned amendments and modifications, subject #o review and approval by the Chief Administrative Offzcer; and SE IT FURTHER RESOLVED that if the actual General 1?und balance available at the conclusion of Sune 30, 2011 exceeds $11,000,000 then the additional amount, up to $5,000,000 is committed to a General Reserve; and BE IT FURTHER RESOLVED that the Auditor-Controller is hereby authorized to adjust the Appropriations far Contingencies and reserves in each fund as necessary to balance the fund and the budget, subject to review and approval by the Chief Administrative Officer; and RESOLUTION ADOPTING APPROFRIATIONS FOR THE FISCAL YEAR 2017.-2412 BUDGET BE IT FURTHER RESOLVED that the Auditor-Controller is hereby requested to report all adjustments to appropriations needed to balance any fund to the Board of Supervisors nv later than September 27, 2011. PASSED AND ADOPTED by the Board of Supervisors, County of Butte, State of California, this 12th day of 7uly, 2011, by the following vote: .AY'ES: Supervisors Connelly, Wahl, Kirk, Yamaguchi, and Chair Zambert NOES; None ABSEI~IT: None NOT VOTING: None ~~~ G Steve La ert, Chair ATTEST: Paul Hahn, Chief. dministrative Officer And Clerk of the o d of Supervisors By: