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Receive the FY2017/18 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 FY2017/18 Midyear Financial Report.
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. (Attachment G)
4. Approve fixed asset purchases in the amount of $87,000 for three new grant funded vehicles in Probation and $25,000 for a Petroleum Prover in Agricultural Commissioner.
5. Affirm budget assumptions for FY2018/19 including the General Fund. (Attachment H)
6. Confirm the FY2018/19 Budget Hearings from Tuesday June 19, 2018 through Friday June 22, 2018.
SUMMARY:
The County Administrator's Office has reviewed and compiled the FY2017/18 Midyear Financial estimates.
Each County department has prepared projections for their revenues and expenditures through June 30, 2018 and has submitted explanations (Attachment A) for any significant variances between their Working Budget and their projection. Tables comparing total Working Budget to Midyear projection for County departments in the General Fund, Other Funds, and Internal Service and Enterprise Funds are provided as Attachments B, C, and D. The projection for Year-End Fund Balance for the General Fund is shown in Attachment E. As a result of the Midyear review, departments have identified and are seeking Board approval of changes to their position allocations at this time. The requested changes by department which the CAO and HR are recommend...
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