In accordance with the County Budget Act, budget hearings were noticed and held on September 21, 2022.  Based on the direction given at those hearing before you for consideration is a resolution adopting the final budget for fiscal year 22/23.  The final budget totals $139,877,023 and includes a general fund contingency of $549,914

During budget hearings, staff was directed to bring back a final budget based on the budget presented with one exception.  For the Cannabis budget (Dept 8239) staff was directed to reduce Cannabis Permit revenue projects by $1,000,000 and make necessary reductions to expenses to cover this reduction.  These modification are listed on Attachment A to this staff report.

Exhibit A of this resolutions shows final expenditures and revenues for all departments (budget units), including enterprise funds, internal service funds and dependent districts by income code (object) as required in the County Budget Act.

The County Budget Act also requires that all capital assets be broken out into the following sub-object groups: Land, Structures & Improvements, Equipment, Infrastructure and Intangible Assets.  Budgeted appropriations are to be reported by budget unit within each category, this is shown on Exhibit B.  Page two of Exhibit B lists the projects to be worked on and/or completed in this fiscal year that fall into the Structures & Improvements sub-object.

Exhibit C shows the proposed changes to the allocation of positions listing based on this budget.

In addition to the adoption of the final budget, approval of capital asset purchases and changes to the allocation list this resolution authorizes the Auditor and CAO to execute any budget adjustments within a budget unit so long as the overall appropriations of the budget unit are not increased, without additional board approval.