Agenda - 09-13-2005-3 - Laserfiche WebLink

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N Expenditure Trends — Medicaid, Health Insurance, Energy /Utilities The County's Department of Social Services, Public Works, Personnel and Budget Directors will provide expenditure and energy conservation updates during the presentation on September 13, State Budget Impacts The General Assembly approved the State budget during the last week of August. Budget staff is currently working with departments to ascertain what funding cuts may have been included in the State's budget and analyze what the impact of those cuts are likely to be. Staff will present information, as available, in the presentation at the work session on September 13. School /Park Reserve Fund Interest At the June 23, 2005 meeting the Board adopted budget amendment 14, part of which authorized the transfer of $391,292 from the School /Park Reserve Fund to the General fund. The funds transferred represented interest earnings that had not been allocated to projects. The transfer was done to improve general fund year -end financial condition. Finance Department staff are currently involved in the annual audit process and closing the books for the 2004 -2005 fiscal year and will be preparing the year -end financial statements within the next month. Once the audit is complete and the 2005 financial statements are finalized, the overall year -end financial condition will be known and at that time the Board can take the appropriate actions relative to the transfer. Anticipated Fiscal Year 2006 -07 Budget Drivers During the presentation on September 13, the Budget Director will review the Budget Drivers that we expect to face next spring as the budget is developed. Some examples of the challenges we expect to face include continued increases in Medicaid and energy costs, restoring County and School capital and operational funding, and increased student enrollments. During budget work sessions last spring, the Board requested a list of County funded non - profit agencies that provide services to either one or both of the School districts in the County. That information was provided in a supplemental package of information in June 2005. Staff has updated the June spreadsheet to reflect the approved funding for each agency. Attachment 3b of this agenda abstract, "Non- Profit Agencies Providing Services to Schools" offers the updated spreadsheet. Report on Long Term Temporary Employees During the June budget worksessions, the Board requested a report on long term tempoa y employees. This report along with other information related to temporary employment is provided as Attachment 3c. FINANCIAL IMPACT: As noted above and in agenda materials and as will be discussed during staff presentation of those materials. RECOMMENDATION(S): The Manager recommends that the Board receive the information and provide direction to the Manager and staff,