Resolution Assigning Funds as of December 31, 2022 and Amending the 2022 Budget

BACKGROUND: 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 2022 contingency fund was originally budgeted at $350,000, funded completely by General Fund balance.  During 2022, no funds were transferred from the contingency fund, leaving $350,000 available for overdrawn departments.