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16 <br /> fund balance to Affordable Housing Projects; and $1.8 million of the excess fund balance be <br /> used to fund priorities identified in the FY2016-17 budget. <br /> Commissioner Price asked if the Manager will inform the Board for what the $1.8 million <br /> is going to be used during budget discussions. <br /> Bonnie Hammersley said she would. <br /> Bonnie Hammersley said if approved as recommended, staff would come back to the <br /> BOCC with any acquisitions. <br /> Commissioner Jacobs referred to the affordable housing funds and asked if the BOCC <br /> will adopt a policy first before funding. <br /> Bonnie Hammersley said yes. <br /> Chair McKee said in the past few years, fund balance dollars have been used to pay <br /> down Other Post Employment Benefits (OPEB). He asked if this will be done through a <br /> regular budget allotment, moving forward, and if there will be an OPEB payment made for <br /> 2015-16. <br /> Bonnie Hammersley said the practice has been to use some past balances to pay <br /> down some of OPEB, and she will be recommending this again in her 2016-17 budget. She <br /> said an irrevocable fund will be created, going forward with OPEB. <br /> Commissioner Dorosin said he appreciated this, and the aggressive movement on <br /> affordable housing. He said the County budget is too conservative sometimes, and he would <br /> like to re-visit how to use the excess in future years. <br /> Commissioner Dorosin asked if every year that an excess occurs, if this process of <br /> allocating excess funds will occur around this time. <br /> Bonnie Hammersley said excess is not predicted each year going forward. She said <br /> she was directed not to have more than 17% in the fund balance, and it has been consistent in <br /> the past few years in order for there to be this excess. She said it always better to have <br /> excess than be in the red. <br /> Bonnie Hammersley said the 2016-17 budget is a bit more aggressive, and there may <br /> not be excess funds next year. <br /> A motion was made by Commissioner Rich, seconded by Commissioner Burroughs for <br /> the Board to approve the recommended uses of the $2.8 million in excess of 17% General <br /> Fund unassigned fund balance policy for: <br /> • $1 million of the excess fund balance to fund Affordable Housing Projects; and <br /> • $1.8 million of the excess fund balance to be used to fund priorities identified in the <br /> FY2016-17 budget. <br /> VOTE: UNANIMOUS <br /> 8. Reports <br /> NONE <br /> 9. County Manager's Report <br /> Bonnie Hammersley reminded the Board that April 26th will be a joint meeting with the <br /> schools. <br /> Bonnie Hammersley said at the May 5th regular meeting, she will be presenting the <br /> 2016-17 budget. She said the Board will receive the budget document that evening, instead of <br /> in advance, as done in previous years. She said the process has been moved up two weeks <br /> this year. <br /> 16 <br />