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14 <br /> <br />Single Audits for Auditees <br />GASB No. 54 – Governmental Fund Balance <br />Best Budgeting Practices, Policies and Processes <br />Internal Revenue Compliance (Payroll) <br />CAFR Preparation <br />GASB No. 60 – Service Concession Arrangements <br />GASB No. 61, the Financial Reporting Entity <br />GASB No. 63 & 65 – Deferred Inflows and Outflows <br />GASB No 67 & 68, Accounting/Reporting Pension Plans <br /> <br /> Commissioner Bedford referred to the general fund versus actual, and asked if these <br />changes were built into the budget for 2020, and how much more money can the County spend <br />than it was planning on. <br /> James Bence said a lot of these variances are not related to audit adjustments, but <br />rather to how the County’s general fund performs. He said staff may be able to better answer <br />this question. <br /> Commissioner Bedford said this was probably already done by the Finance Department <br />as budget amendments, prior to the auditors coming in. <br /> James Bence said the $11 million is actuals over the appropriated budgets. He said <br />the County already used, and was reporting, $7.8 million of fund balance in the original adoption <br />of the FY 202 budget. <br /> Commissioner Greene referred to the reduction in subsidy to the solid waste fund, and <br />said this is a dramatic number. She asked if staff expected the number to be this great. <br /> Bonnie Hammersley said yes, and for 2019-20, the budgeted amount of 0. She said <br />half a million was budgeted for 18-19, and staff was hoping to do that fairly quickly, which it was <br />able to do. <br /> Bonnie Hammersley said the first year she was in the County there were revenues that <br />came in about 8% over while the County was spending 95%. She said this resulted in 13% <br />discrepancy between what the budget was. She said right now it is 1.5% and 3% over, which is <br />much closer. She gave kudos to the budget and finance staff, which only has one finding this <br />year in the audit. <br /> Commissioner Dorosin referred to the slide about General Fund revenues, and asked <br />the presenter to walk through this slide again. <br /> James Bence said the BOCC was planning to reduce the general fund’s fund balance <br />to cover operations. <br /> Commissioner Dorosin said the Board then decided to add almost $2 million to this <br />reduction. <br /> James Bence said the County actually added $2 million to the reserves. <br /> Commissioner Dorosin said the County took nothing from reserves. <br /> James Bence said $2.7 million was added to the fund balance, and the County has <br />already appropriated $7.8. He said when the $2.7 million was added, the County reached its <br />goal of 16.5% unassigned fund balance. He said the more this balance is used, the more the <br />County will eat into its ideal percentage. <br /> Commissioner Dorosin referred to the letter at the Commissioners’ places, and item #6 <br />talks about cybersecurity. He asked if this takes into account the new staff that has been <br />created for cybersecurity. <br /> Bonnie Hammersley said the new position will begin as of January 2020, which will help <br />address point #6. <br /> James Bence said all of this is as of June 30, 2019. <br /> Chair Rich asked if the BOCC should send additional questions to Gary Donaldson and <br />Bonnie Hammersley, once it receives the PowerPoint.