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Staff Report by: <br />Brian Carlson <br />Budget and Finance Director <br />Topic: <br />2024 Budget <br />Summary Figures and Next Steps <br />Meeting <br />Finance Study Session <br />October 19th, 2023 <br /> <br />Summary: <br />• Preliminary General Fund deficit: $7.7MM <br /> <br />Background & Analysis: <br />• Prelim budget will be revised ongoing, up to and beyond adoption-date of December 5 <br />• Finance staff is progressing on high-priority topics shown below, to be reflected in follow-up discussions <br />with management and BOCC, and captured in budget revisions and amendments ongoing: <br /> <br /> <br />Conclusion / Next Steps: <br />• Not an action item; BOCC receive and file, provide feedback and/or direction for follow-up meetings <br />• Next meeting: Thursday, October 26, 10am <br />Topic Status Notes <br />Technology <br />Reserve Complete <br />next phase; cell phones (2024) <br />analysis ongoing; updates via IT Study Sessions <br />Revenue <br />Budgets and <br />Forecasts Complete <br />Treasurer 2024 budgets are reflected in prelim budget <br />Year-end forecasts to be updated at next BOCC budget meeting, 10/26 <br />Projects Underway <br />Finance to provide funding updates and impacts 10/26, including ARPA <br />status <br />Next full discussion 10/31 <br />Personnel Underway <br />Vacancy tactics today, 10/19 <br />Treasurer and Pub Defense requests next week <br />Health <br />Insurance Underway <br />Discussion of reserve funding today, 10/19 <br />Staff to provide follow-up savings impact on 10/26 <br />Fund Balances <br />and Reserves Underway <br />utilization of Jails reserve <br />follow-up meeting with 3/10ths stakeholders <br />increased utiliziation of CIP, other funds <br />Expense <br />Analysis Underway <br />aka "Bake Sale"; Prelim reduction $3MM <br />Finance reviewing with management; <br />will provide ongoing updates to BOCC <br />Union Contracts Pending <br />Collaboration with HR to review and quantify cost-driver data and related <br />contract terms for BOCC consideration <br />review of renewal dates and consideration of contract alignment <br />Public Works Pending <br />Figures are prelim/placeholder only; <br />PubWorks to provide on 11/1 <br />Impacts are primarily limited to respective funds (Roads, CDS, Airport, etc.) <br />Budget <br />Documents Pending <br />Prelim public-facing docs to Mgt Team in Nov <br />drafts to BOCC ongoing during budget meetings