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Contra Costa California Form 5500 - Schedule I: What You Should Know
The proposed Budget is in effect September 23, 2017. “If approved as presented the General Fund budget for fiscal year 2 (beginning with the current fiscal year), as approved in the budget hearing in October, will represent a 1.2 percent increase over the previous year's budget.” A proposed FY 2 budget increase of 20.7 million, or 1.3 percent, is projected. There is a projected 21,913,000 base appropriation amounts for the General Fund for the county fiscal year, but that amount is based on the General Fund's funding in effect when the current budget was adopted and is subject to modification, with the potential for adjustments within the General Fund in a future budget adopted when the General Fund is funded at less than the amount currently funded. “In the prior year's budget we did not have enough to meet the obligations for our mission, mandate and goal. That is why we sought a funding increase of 20.7 million, to 22.5 million to support our mission and work to meet and exceed our mandate and goal, with a proposed FY 2 appropriation of 22.5 million.” In 2017, Contra Costa County paid 22.5 million for operations and services. That amounts to 0.5 mill increase to the General Fund. The County's funding of the General Fund amounts to 9.5 million, or 1.23 mill, per cent of the County's budget. According to the county, this funding amount is 1.23 mill more than the average annual general fund funding from fiscal year 2023 through this year. The 9.5 million per year is the minimum amount they would need to be able to sustain current services and operations. The County's budget process has a “mandated goal in place to reduce the County's debt burden by 300 million by fiscal year 2020.” We are on track to achieve the goal. At the end of fiscal year 2, the Count- y's Debt-to-Assets was 287 million. Achieving the proposed budget has required 9.5 million in additional General Fund appropriation for the fiscal year 2 (FY 2). To keep the county operating at the state mandated annual average general fund appropriations required to support the County's mission, mandate and goal has required the County to continue making cost reductions. This has required staff cuts. This has had an impact to County operations, including service quality.
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