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Finance director outlines timeline change and reports $101.4M projected fund balance
Summary
County finance staff said monthly financial reports will move to the first meeting of each month to improve timeliness; a September projection showed a $101.4M ending fund balance and staff will present a full forecast on Dec. 2.
A county finance director presented an October update to the Board of Supervisors and explained why monthly financial reports will move to the first meeting of each month going forward to better align reporting with month-end close processes.
The presenter told the board the September projected ending fund balance was $101,400,000 and noted a year-to-year variance of about $5,000,000. He said earlier approvals in the meeting (a referenced $838,000 action) would reduce the projected balance to about $100.5 million after adjustments. Staff said they would return to the board on Dec. 2 with a full financial forecast based on October actuals and forecasting through November.
The director described procedural timing for the 2026–27 budget: budget opens Nov. 24 for departments, all budgets are due Jan. 16, a strategic overview and budget study session is planned for Feb. 17, and tentative and final adoption dates follow statutory requirements.
Next steps: staff will deliver a full forecast at the board's Dec. 2 meeting and implement the reporting schedule change beginning in December.
