To: Board of Supervisors
Department or Agency Name(s): County Administrator’s Office
Staff Name and Phone Number: Nikolas Klein, 707-565-5312
Vote Requirement: 4/5th
Supervisorial District(s): Countywide
Title:
Title
Re-budget Funds for Climate and Strategic Plan Projects
End
Recommended Action:
Recommended action
Adopt a Resolution adjusting the Fiscal Year 2024-25 Adopted Budget by $10.47 million to re-budget appropriations for authority to spend and operating transfers associated with multi-year Strategic Plan and Climate Projects approved in prior fiscal years. (4/5th Vote Required)
end
Executive Summary:
The Board of Supervisors has approved almost 60 projects supporting Strategic Plan and climate resilience initiatives; most of these projects are multi-year in nature. Because the amount of work that will be completed in a given fiscal year is not known at the time of budgeting, funding for these projects was not included in the Fiscal Year 2024-25 Adopted Budget. At the close of FY 2023-24, an analysis of actual spending was completed to determine the amount of funds needed to continue work in FY 2024-25.
This item recommends re-budgeting these funds in FY 2024-25 to allow work on these projects to continue on a timely basis. All re-budgeted projects in this item are consistent with prior Board direction. See Attachment 1 - roll forward details per project.
The total amount of project funding being rolled forward into FY 2024-25 is $5,236,386, which includes both Climate and Strategic Plan projects. Budget adjustments also include internal transfers to move these funds from the Non-Departmental budget to departments’ operating budgets, resulting in a total appropriations increase of $10,472,772.
Discussion:
This recommended re-budget of unspent funds includes seven Climate Projects, which were initially funded out of a $10 million allocation from the 2017 PG&E Settlement Fund authorized by the Board on May 11, 2021. The Board approved specific projects to fund from this $10 million allocation on February 1, 2022, and October 25, 2022. A total of $2,025,968 is being rolled forward for these various projects. A listing of roll forward balances for each project is available in Attachment 1.
Another 23 projects requiring a re-budget of prior year funds are associated with the Strategic Plan. These projects were funded by allocations authorized the Board using discretionary funds in FY 2021-22 and FY 2022-23 ($5 million each year, for a total of $10 million). The Board approved specific projects on February 1, 2022, and February 7, 2023. A total of $3,210,418 is being rolled forward for these projects. A listing of roll forward balances for each project is available in Attachment 1. Please visit the online dashboard <https://socostrategicplan.org/> that illustrates the percentage of completion for each of the Strategic Plan pillars, goals, and objectives.
Between these two areas, a total of $5,236,386 is being re-budgeted. Because funding is housed in the Non-Departmental budget and must be transferred to other departments for programming, the total budget adjustment required is $10,472,772 to account for internal transfers.
Strategic Plan:
N/A
Racial Equity:
Was this item identified as an opportunity to apply the Racial Equity Toolkit?
No
Prior Board Actions:
September 12, 2023: Approved re-budget of Climate and Strategic Plan projects
February 7, 2023: Approved Round 2 Strategic Plan Projects
October 25, 2022: Approved Round 2 Climate Projects
September 13, 2022: Approve Re-budget of Round 1 Climate and Strategic Plan projects for FY 2022-23
February 1, 2022: Approved Round 1 Strategic Plan and Climate Projects
May 21, 2021: Approved Use of 2017 PG&E Settlement funds for Climate Projects
Fiscal Summary
|
Expenditures |
FY24-25 Adopted |
FY25-26 Projected |
FY26-27 Projected |
|
Budgeted Expenses |
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|
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|
Additional Appropriation Requested |
$10,472,772 |
|
|
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Total Expenditures |
$10,472,772 |
|
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Funding Sources |
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General Fund/WA GF |
|
|
|
|
State/Federal |
|
|
|
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Fees/Other |
$5,236,386 |
|
|
|
Use of Fund Balance |
$5,236,386 |
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General Fund Contingencies |
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Total Sources |
$10,472,772 |
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|
Narrative Explanation of Fiscal Impacts:
The $5,236,386 that will be spent on these projects exists as fund balance in the Reserved Purposes Fund and PG&E 2017 Fire Settlement Fund, both housed in the Non-Departmental Budget. Total budgetary appropriations adjustments of $10,472,772 includes both the appropriations to transfer funding from this fund to relevant departments, and for programming expenses within the operating departments’ budgets.
Staffing Impacts
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Position Title (Payroll Classification) |
Monthly Salary Range (A-I Step) |
Additions (Number) |
Deletions (Number) |
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Narrative Explanation of Staffing Impacts (If Required):
N/A
Attachments:
Attachment 1 - Project Roll Forward Details
Attachment 2 - Budget Resolution with Exhibit A
Related Items “On File” with the Clerk of the Board:
N/A