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10 <br /> 1 - County Budget for FY 2019-20 includes Key Performance Indicators and <br /> 2 integrates use of Financial Model in Budget Formulation <br /> 3 - Quarterly Reporting provides regular financial performance and <br /> 4 communication of the Annual Operating Budget <br /> 5 <br /> 6 Budget Awards Program Focus <br /> 7 <br /> 8 Budget Awards 27 Criteria- graph <br /> 9 <br /> 10 Long-Term Financial Model: Integration in Annual Operating Budget Formulation <br /> 11 ➢ Financial Policies <br /> 12 - Compliance with Board Adopted Fund Balance Policy <br /> 13 - Education and Outside Agency Funding Targets <br /> 14 - Use of Non-Recurring Revenue to One-Time Expenditures Only <br /> 15 ➢ Capital and Debt Policies <br /> 16 - Impact of Capital Investment Plan on Annual Operating Budget <br /> 17 - Long-Term Debt Ratios; Debt Service as % of Budget and Total Debt to <br /> 18 Assessed Value <br /> 19 ➢ Long-Term Financial Forecast <br /> 20 - Review of Historical Revenues and Expenditure Trends from FY 2003 to <br /> 21 Update Five-Year Financial Forecast Model <br /> 22 - Current Fiscal Year Estimates are basis for Budget Formulation <br /> 23 - 2% CPI growth assumption for Expenditure Drivers <br /> 24 Budget Formulation: Key Objectives <br /> 25 <br /> 26 The Board recognized the budget staff of the Finance and Administrative Services <br /> 27 Department for the receipt of the GFOA Distinguished Budget Award, and Commissioner <br /> 28 Greene presented the GFOA plaque to the staff. <br /> 29 Commissioner Dorosin referred to the slide that has the criteria, and asked if there is a <br /> 30 reason that one section is blacked out. <br /> 31 Gary Donaldson said that is just an excerpt. <br /> 32 Commissioner Dorosin asked if the scores are present when this is received from the <br /> 33 viewers. <br /> 34 Gary Donaldson said yes. <br /> 35 Commissioner Dorosin said he would like to see these scores in the future. <br /> 36 <br /> 37 d. Presentation of Manager's Recommended Fiscal Year 2019-20 Annual Operating <br /> 38 Budget <br /> 39 The Board received the Manager's Recommended FY 2019-20 Annual Operating <br /> 40 Budget. <br /> 41 <br /> 42 BACKGROUND: <br /> 43 Each year during the month of May, the County Manager presents the Board of County <br /> 44 Commissioners with a recommended spending plan for the next fiscal year. The Board of <br /> 45 County Commissioners and County staff have held work sessions, as well as the BOCC <br /> 46 Retreat, over the past nine months to discuss various issues and projects that guided the <br /> 47 recommendations related to the County's FY 2019-20 Budget. During the meeting, the Manager <br /> 48 will provide a brief presentation of the Recommended FY 2019-20 Annual Operating Budget. <br /> 49 <br />