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Solano County projects $37.7 million year-end fund balance; board approves midyear financial report
Summary
The Solano County Board of Supervisors on March 11 approved the county's midyear financial report, which projects a $37.7 million year-end fund balance while flagging declines in Prop 172 and several state/federal revenues and recommending targeted, one-time investments and position adjustments.
The Solano County Board of Supervisors approved the county's fiscal 2024-25 midyear financial report on a 5-0 vote March 11, receiving projections that the county expects to end the year with about $37.7 million in available fund balance while facing notable revenue shortfalls in public-safety sales tax and some state and contract revenues.
County Budget Officer Emily Combs told the board the midyear projections reflect a mix of higher-than-expected property tax and interest income and declines in other areas: "Prop 172 . . . we're projecting a $1.7 million decrease compared to the working budget," she said, and staff also reported a $3.3 million loss in institutional care revenue tied to the Sonoma contract.
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