The Mid-Year Report is an analysis of the County’s fiscal condition as it relates to the adopted spending plan for the year. Information for this analysis is provided by staff of each County department following a review of actual and projected expenditures and revenues at mid-year of the budget cycle. The mid-year review is the precursor to the County’s budget planning for the coming fiscal year. Adopting budget principles have proven to be an effective means of managing the County’s spending.
The County Executive Officer (CEO) requested that departments conduct a thorough review of their budgets. Departments were directed to identify any unfavorable variances from budgeted revenues and expenditures.
Departments report no significant variations to budgeted plans. Consistent with past budgets many deviations from budget are driven by activities in Sacramento and Washington. Departments will continue to monitor their budgets and request budget amendments as necessary to adjust for variances in expenditures and revenues before June 30, 2018.
At mid-year, we take the opportunity to direct departments to stay within approved net-county-cost contained in the FY 2017-18 Budget, as adjusted. The Auditor-Controller controls budget expenditures at the Object Level; department heads are responsible for revenues in the Adopted Budget. They must notify the CEO of any revenue shortfall; and further, they must reduce spending as necessary to remain within the FY 2017-18 Adopted Budget net-county-cost.
The CEO held a kick-off meeting for the FY 2018-19 Budget on February 5, 2018.