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Sutter County staff report $14.4 million FY23–24 unassigned fund balance; recommend boosting reserves, pension prefunding and payroll set‑aside
Summary
County staff told the Board of Supervisors the county closed FY23–24 with $14.4 million in unassigned fund balance (versus $5.0 million assumed when the budget was built) and recommended depositing $1.1 million into a pension prefunding account, increasing reserves toward GFOA levels, committing $1.5 million for capital projects and setting aside $2.0 million for potential payroll timing costs. The board asked questions but took no formal vote; staff will return with formal actions.
Sutter County staff reported to the Board of Supervisors that the county closed fiscal year 2023–24 with $14.4 million in unassigned fund balance — substantially more than the $5.0 million the board had assumed when it built the current budget. The CAO’s office said the difference reflects stronger general revenues (including property tax and higher interest income) and several one‑time savings across public safety, departmental operations, health and the trial court fund.
The CAO recommended an immediate $1.1 million deposit to a pension prefunding account held with PARS to honor an earlier budget commitment, increases to the general reserve and budget stabilization…
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