Agenda 09-04-2025; 8-e - Fiscal Year 2025-26 Budget Amendment #2 & Fiscal Year 2024-25 Budget Amendment #12

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13 ALIGNMENT WITH STRATEGIC PLAN: This item supports: • MISSION STATEMENT — Orange County is a visionary leader in providing governmental services valued by our community, beyond those required by law, in an equitable, sustainable, innovative and efficient way. Fiscal Year 2024-25 Budget Amendment #12 (ORD-2025-027) FY 2024-25 — GASB Technical Amendment 1. In Fiscal Year 2024-25 Budget Amendment #11 approved by the Board at the June 17, 2025 Business meeting, the County set up a Governmental Accounting Standards Board (GASB)-Non-Cash Fund to comply with the budgetary impact on the long term lease and subscription liability and set a budget of $10,000,000 in that fund. After consultation, the County's auditors advised to instead budget those non-cash expenditures in the General Fund, rather than a separate fund. As such, this technical amendment increases the Budget of the General Fund in FY 2024-25 by $10,000,000 and decreases the GASB fund by the same amount. ALIGNMENT WITH STRATEGIC PLAN: This item supports: • MISSION STATEMENT — Orange County is a visionary leader in providing governmental services valued by our community, beyond those required by law, in an equitable, sustainable, innovative and efficient way. FINANCIAL IMPACT: The budget, grant, and capital ordinance amendments increases the authorization in the General Fund in FY 2025-26 by $507,105, the Multi-Year Grant Fund by $186,529, the Community Development Fund by $202,225, the Visitors Bureau Fund by $5,975, the DSS Client Fund by $87,520 and the Communication Towers Trust Fund by $6,000. The amendments also increase the authorization of the General Fund by $10,000,000 and decrease the GASB Fund Non-Cash Fund by $10,000,000 in FY 2024-25. RECOMMENDATION(S): The Manager recommends the Board approve the budget, grant, and capital project ordinance amendments for Fiscal Year 2025-26 and Fiscal Year 2024-25.