HomeMy WebLinkAbout09.29.20 Email from Graciela Gutierrez -Fiscal Year Unaudited Fund Balance Report
From:Gutierrez, Graciela
To:Alpert, Bruce;Bennett, Robin;Clerk of the Board;Connelly, Bill;Cook, Holly;Lambert, Steve;Lucero, Debra;
McCracken, Shari;Paulsen, Shaina;Pickett, Andy;Ring, Brian;Ritter, Tami;Rodas, Amalia;Sweeney, Kathleen;
Teeter, Doug
Cc:Jessee, Meegan
Subject:Fiscal Year Unaudited Fund Balance Report
Date:Tuesday, September 29, 2020 5:32:22 PM
Attachments:Final Fund Balance Report.pdf
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Good evening,
Please see attached the unaudited fund balance memo for fiscal year end 6/30/20. Our external
auditors will be here in November. Should there be any unanticipated adjustments a subsequent
memo will follow with details. Please do not hesitate to reach out with any additional questions.
Best regards,
Graciela Gutierrez
Auditor-Controller’s Office
Graciela Gutierrez, MPA
Auditor-Controller
(530)552-3599
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OFFICE OF THE AUDITOR-CONTROLLER
Graciela C. Gutierrez, Auditor-Controller
25 County Center Drive Ste. 120 T: 530.552.3600
buttecounty.net/auditor
Oroville, California 95965 F: 530.538.7693
DATE: September 29, 2020
TO: Board of Supervisors, Chief Administrative Officer
FROM: Graciela C. Gutierrez, Auditor-Controller
SUBJECT: FY 2019-20 Unaudited Fund Balance and Contingency Adjustment
Per Resolution 20-086, Resolution Adopting Appropriations For The Fiscal Year 2020-2021 County Budget
the Auditor-Controller is requested to report all adjustments to appropriations needed to balance any
fund to the Butte County Board of Supervisors. This report summarizes the unaudited fund balance for
all governmental funds as of 6/30/20. The external auditors will be on site in November at which time
there may still be unforeseen, unanticipated adjustments that may affect prior year fund balance. After
the audit is complete if there are any additional changes, I will send out an additional memo finalizing
the audited prior year fund balance with an explanation of necessary adjustments.
The analysis below is divided into two sections.
The General Fund – Unassigned Fund Balance section below displays the increase to the estimated
available General Fund Balance after posting all transactions to June 30, 2020. Unassigned Fund
Balance is the available amount for contingencies that may be used for appropriations as needed.
The General Fund Contingency section displays the increase to the General Fund Reserve and the
increase to the Adopted Appropriation for Contingencies based on the excess above the targeted
estimate. When the recommended budget was presented on 7/21/20 there was a recommended
amount appropriated for contingencies as seen on Schedule 7. The additional increase will bring up
the General Fund Reserve and the balance available for contingencies as seen below.
The following pages display the total fund balance for all governmental funds broken down by
category type. Restricted funds include assigned department that manage the non-operating
restricted balances as of 6/30/20 including 2011 Realignment balance. These monies have an
external restriction on expending therefore are unavailable for contingencies.