Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Supervisors told general basic fund is at 35% cap; board opts to hold funds while legislation settles
Summary
Staff reported the general basic fund at about a 35% year‑end balance under new legislation; supervisors agreed to hold the funds this year so they can observe revenue impacts before making transfers.
A county staff member presented the fiscal‑year‑end budget‑versus‑actual fund balances on July 6 and told the board the general basic fund was approximately at a 35% balance, near the level cited in new legislation that limits fund balances.
The staff member recommended leaving the funds in place for the coming year rather than transferring them immediately, citing uncertainty about how new statutory rules and revenue patterns will play out. "Honestly, I would recommend that we hold that in there this year because of the new legislation," the staff member said, adding that the county could transfer funds later in the year if warranted.
Board members voiced agreement that caution is prudent given a 2% annual growth cap and changes to the cap and growth calculations under recent law. One member noted that the board can revisit transfers in October if legislative clarity improves.
What's next: the board left the fund balance unchanged for now and asked staff to monitor revenues and report back during budget season and at midyear reviews.
