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Board approves resolution to delegate limited budget-adjustment authority to CEO and auditor
Summary
The San Benito County Board of Supervisors voted to approve a resolution delegating authority to the county CEO and auditor to execute routine budget transfers and adjustments under a set dollar threshold, aiming to improve year-end accounting and timeliness of financial reporting.
San Benito County supervisors on Tuesday approved a resolution delegating to the county CEO’s office and the county auditor the authority to process routine budget adjustments under a specified dollar threshold to help close the fiscal year and keep accounting current.
Supporters told the board that late-posted revenues and expenditures have repeatedly caused inaccurate fund balances near year end, hampering budgeting and decision-making. County finance and audit staff described repeated cases where revenues that belonged to one fiscal year posted after June 30, requiring manual…
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