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HomeMy WebLinkAboutWORKSHOP re 2027 Provisional Budget Goals - SLIDES2027 Budget Provisional Goals & Objectives Agenda •Introduction •General Fund •Other Funds •GF Cash Projection •Questions •Staff Recommendation Introduction o The Board adopts budget goals and objectives each budget cycle to guide preparation of a balanced county budget. o Final budget goals cannot be adopted until the outcome of the August 4, 2026, Parks & Recreation Levy Lid Lift election is known. General Fund (GF) PART ONE •Hiring Freeze continues in 2027. •Capital Expenditure Limit $5,000 •Request Additions to budgets for any non-discretionary expenditures using the Add Request form. •Discretionary expenditures to hold steady with 2026. •Allow increase to training and related travel. PART TWO If the ballot measure does not pass… •Discretionary services, expenditures will be reviewed by the Board to reduce the deficit. •Review mandated services that are partially funded. Other Funds PART ONE •Transfers from the GF will require to submission following the GF Assistance Policy. •Budgets shall be prepared as balanced budgets. •Increases shall be absorbed with in the available resources of the fund. •Recommended Reserves to be maintained per Resolution 41-19. •Fees set at levels to capture cost of service where possible. PART TWO If the ballot measure does not pass… •Transfers from the GF will be set to zero and re-evaluated following the GF Assistance Policy. •GF transfers to Other Funds for discretionary services will likely be reduced or eliminated. GF Cash Projection 2027 2027 General Fund Levy Lid Lift Pass Projection Levy Lid Lift No Pass Projection Beginning Fund Balance 4,998,937 4,998,937 Revenue 29,821,262 29,442,013 Expenditure 29,787,459 30,639,584 Ending Fund Balance 5,032,740 3,801,366 Budget Surplus / (Deficit)33,803 (1,197,571) Recommended Reserve (15%)4,468,119 4,595,938 Unreserved Fund Balance 564,621 (794,572) QUESTIONS? 2027 Budget Staff Recommendation A motion adopting provisional budget goals and objectives today, July 20, before the Auditor's budget call on August 3, with an expectation to adopt final goals and objectives by resolution on August, 10, 2026.