Agenda

Return

C. 26

To:	Board of Supervisors
From:	Monica Nino, County Administrator
Date:	August 1, 2023

Contra

Costa

County

Subject:

Appropriation Adjustment for Obligated Fund Balance from General Purpose Revenue (0005) to Risk Management (1500)

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 08/01/2023

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Diane Burgis, District III Supervisor
Ken Carlson, District IV Supervisor
Federal D. Glover, District V Supervisor

Contact:

Jason Chan, 925-655--2050

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: August 1, 2023
Monica Nino, County Administrator

BY:	, Deputy

RECOMMENDATION(S):

APPROVE FY 2022-23 Appropriation and Revenue Adjustment No. BDA-23-00181 appropriating the amount of $6,000,000 from General Purpose Revenue fund balance to Risk Management Insurance for General Liability in the Public Liability Trust Fund.

FISCAL IMPACT:

General Purpose Revenue will be appropriated to Risk Management Insurance and transferred to the Public Liability Trust Fund. (100% General Fund)

BACKGROUND:

On September 20, 2022, the Board of Supervisors adopted final changes to the 2022-2023 County Budget, including changes to obligated fund balances. At that time, an obligated fund balance in the amount of $6,000,000 was restricted for the Public Liability Trust Fund. The current action will appropriate $6,000,000 in Risk Management Insurance, making the funds available to transfer to the Public Liability Trust Fund.

BACKGROUND: (CONT'D)

Funding will be used for Contra Costa County's self-insured General Liability Program, which is inclusive of premiums for the County’s total general liability insurance.

CONSEQUENCE OF NEGATIVE ACTION:

The County will be unable to increase the Public Liability Trust Fund with obligated fund balance restricted for this purpose.