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Adopt and present a resolution recognizing April 2025 as National Financial Literacy Month in Solano County (Supervisor James)
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
Supervisor James recommends the Board of Supervisors adopt and present a resolution recognizing April 2025 as National Financial Literacy Month in Solano County.
SUMMARY/ DISCUSSION:
National Financial Literacy Month, observed every April, is dedicated to raising awareness about the importance of financial education. The month highlights the need for individuals to understand key financial concepts like budgeting, saving, investing, and managing debt. It encourages people to develop essential skills for making informed financial decisions, promoting long-term financial well-being. Various organizations, schools, and financial institutions host events, workshops, and campaigns to empower individuals to take control of their finances and improve their overall financial literacy.
FINANCIAL IMPACT:
The costs associated with preparing the agenda item are nominal and absorbed by the Board’s FY2024/25 Working Budget. The costs associated with preparation and purchase of the resolution materials are included in the Board’s FY2024/25 Working Budget.
ALTERNATIVES:
The Board could choose not to adopt the resolution; however, this is not recommended, as National Financial Literacy Month is an annual opportunity to raise awareness about the importance of financial education and empower individuals to make informed financial decisions.
OTHER AGENCY INVOLVEMENT:
There is no other agency involvement.
CAO RECOMMENDATION:
APPROVE DEPARTMENTAL RECOMMENDATION