Resolution Assigning Funds as of December 31, 2021 and Amending the 2021 Budget

Throughout the year, various additional funds become available that require no additional County matching funds or are expansions of existing grant funding and programs.  Also throughout the year, additional expenditures are incurred for which funding is available.  At the completion of each year’s annual financial audit after all transactions have been recorded, a final resolution is brought forward to present a summary of departments and/or funds that exceeded their annual appropriations.  This resolution authorizes amendments to the budget for those departments and/or funds that had offsetting revenues or fund balances, as well as for departments without offsetting funding and in need of a transfer from the contingency fund.

The 2021 contingency fund was originally budgeted at $430,000, funded completely by General Fund balance.  During 2021, $120,000 was already transferred from the contingency fund, leaving $310,000 available for overdrawn departments.

Further, during consideration of bond issuance for construction of Highway facilities and related equipment purchases, the Board of Supervisors authorized up to $50 million of debt issuance for these projects.  Actual issuance of debt was $45 million with the understanding that the remaining $5 million be funded by General Fund balance if needed.