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Receive the FY2024/25 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 FY2024/25 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 1.0 positions. (Attachment G)
4. Approve fixed asset purchases in the amount of $1,586,500 for the Library, $1,275,586 for Probation, $75,500 for the Sheriff, $1,000 in the Sheriff Boating Safety Enforcement and Equipment (BSEE) Grant Fund, $30,000 for Health and Social Services (H&SS), and $178,000 for Fleet Management. See Attachment A for details.
5. Affirm initial budget assumptions for FY2025/26. (Attachment H)
6. Receive State and Federal Budget Update. (Attachment I)
7. Confirm the FY2025/26 Budget Hearing dates from Monday June 23, 2025 through Tuesday June 24, 2025.
SUMMARY:
The County Administrator's Office (CAO) has reviewed and compiled the FY2024/25 Midyear Financial estimates.
At this time, the Board is asked to accept the Midyear Report for FY2024/25 and variance explanations. Each County department has reviewed their first 6 months of transactions (July 1, 2024 - December 31, 2024) and has prepared projections for their revenues and expenditures through Fiscal Year-End June 30, 2025 with explanations (Attachment A) for any significant variances between their Working Budget and their projections. Tables comparing total Working Budget to Midyear ...
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