| | | | | | | |  | ADMINISTRATION
G.4. |
M E M O R A N D U M |
| | | | | | | | TO:
| Board of Directors | FROM:
| Joseph H. Parker, CPA Director of Financial Services
| DATE:
| May 10, 2021 | RE:
| Revised Budget Policy |
|
| | | | | | | | | RECOMMENDATION: | | Adopt Resolution 21-__Revising the Agency's Personnel and Administrative Manual, Chapter 6, Budget Policy.
|
|
| | | | | | | | | BACKGROUND: | | The existing Budget Policy was last updated in 2018. Changes over time warrant periodic review and revision of the Budget Policy.
|
|
| | | | | | | | | DISCUSSION: | | Overall, the primary substance of the existing budget policy remains unchanged. This revised version was discussed with the Board's Finance Committee at their meeting on July 1, 2021.
The revised policy includes certain clarifying revisions as follows:
- Added language under "East Slope Meeting" regarding staff level meetings with representatives of the East Slope during budget preparation.
- Revised Notice of Budget Hearing from 14 days to 10 days to match government code.
- Under Special Conditions, revised the language for Agency Wide one time revenues to be considered by the Board of Directors during the budget process.
- Added language to clarify the authority of the Director of Financial Services to approve all transfers within a category but notification to be provided to the Board for transfers exceeding $100,000.
|
|
|