RECOMMENDATION(S):
ACCEPT report regarding the mid-year status of the 2010/11 County Budget.
FISCAL IMPACT:
This report is informational and will be used for planning purposes and budget development. Additional recommendations will be presented to the Board during Budget Hearings on April 12, 2011.
BACKGROUND:
The Administrator’s Office annually reports the status of the Budget as of December 31 to determine whether departmental expenses and revenues to date are consistent with the spending plan adopted, and amended from time to time, by the Board of Supervisors. Mid-year reviews provide an opportunity to identify variances from anticipated expenditures and revenue receipts, and permit budget staff to confer with departments regarding the potential need for budgetary adjustments. The following report is a status of the current year – a FY 2011/12 update on potential State Budget impacts will be presented in early March.
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