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Receive the FY2023/24 Midyear Financial Report and consider taking action on the recommendations contained in the Report
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The County Administrator's Office recommends that the Board of Supervisors:
1. Receive and accept the FY2023/24 Midyear Financial Report. (Attachments A, B, C, D, E)
2. Approve the attached Appropriation Transfer Requests (ATRs) (Attachment F) recognizing revenues and transfers in various departments requiring 4/5 vote and approve adjustments to existing appropriations in various departments requiring majority vote.
3. Adopt a resolution amending the List of Numbers and Classifications of Positions within Solano County for a net increase of 15.0 positions. (Attachment G)
4. Approve fixed asset purchases in the amount of $42,000 for the District Attorney, $80,000 for the Library, $483,231 for Probation, $178,735 for the Sheriff, $10,700 in the Sheriff Boating Safety Enforcement and Equipment (BSEE) Grant Fund, $44,000 for Parks and Recreation, $251,150 for Fleet Management, and $50,000 in the Recorder Special Revenue Fund. See Attachment A for details.
5. Affirm initial budget assumptions for FY2024/25. (Attachment H)
6. Receive Board Priority Setting Status Update. (Attachment I)
7. Confirm the FY2024/25 Budget Hearing dates from Thursday June 20, 2024 through Friday June 21, 2024.
SUMMARY:
The County Administrator's Office (CAO) has reviewed and compiled the FY2023/24 Midyear Financial estimates.
At this time, the Board is asked to accept the Midyear Report for FY2023/24 and variance explanations. Each County department has reviewed their first 6 months of transactions (July 1, 2023 - December 31, 2023) and has prepared projections for their revenues and expenditures through Fiscal Year-End June 30, 2024 with explanations (Attachment A) for any significant variances between their Working Budget a...
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