After several years of budget surpluses following the Great Recession, the County faced a modest budget gap moving into FY 2018-19.
The $3.6 million gap represented less than 1% of the General Fund budget and was driven by a combination of factors including:
With limited ability to increase revenue, developing the FY 2018-19 Budget was a balancing act that required compromise to address the needs of the County’s many and varied customers.
Given the gap moving into FY 2018-19 and direction from the Board on a number of significant program augmentations, balancing the budget required implementing a number of the County’s long-standing Budget Balancing Strategies and Approaches, some of the same strategies that guided the County through the Great Recession and the ‘Seven Year Pain Plan.’
Overall, the County spent less money than it budgeted, but also brought in less revenue than budgeted.
County staff reported on the financial status of the County after the end of the fiscal year to provide the Board and public with a clear view of the County’s financial position compared to projections made mid-year and when the budget was adopted.
Download the full financial status report, including various attachments and supporting documents.
The $3.6 million gap represented less than 1% of the General Fund budget and was driven by a combination of factors including:
- Flattening State and Federal revenues
- An increased investment in Capital and Maintenance projects as a result of the County’s Facility Condition Assessment process which has identified necessary County facility repairs
- significant programmatic growth in the last several years
- The cost of negotiated salary and benefit increases that were approved for FY 2018-19
With limited ability to increase revenue, developing the FY 2018-19 Budget was a balancing act that required compromise to address the needs of the County’s many and varied customers.
Given the gap moving into FY 2018-19 and direction from the Board on a number of significant program augmentations, balancing the budget required implementing a number of the County’s long-standing Budget Balancing Strategies and Approaches, some of the same strategies that guided the County through the Great Recession and the ‘Seven Year Pain Plan.’
Overall, the County spent less money than it budgeted, but also brought in less revenue than budgeted.
County staff reported on the financial status of the County after the end of the fiscal year to provide the Board and public with a clear view of the County’s financial position compared to projections made mid-year and when the budget was adopted.
Download the full financial status report, including various attachments and supporting documents.
