HomeMy WebLinkAboutMINUTES - 12062011 - FPD SD.4RECOMMENDATION(S):
ACCEPT multiple year financial overview illustrating trends and changes to District
revenues, expenditures, and operating fund balance.
FISCAL IMPACT:
None. This report is for informational purposes only.
BACKGROUND:
On October 4, 2011, at the first meeting of the Contra Costa County Fire Protection District
Board of Directors, a report was presented on the status of the District's current year and
projected future year budgets. Trends in revenues and expenditures were examined. It was
noted that expenditures now exceed revenues and the District is currently relying on
reserves to balance its annual budget. The District is funded primarily by property taxes and,
therefore, has been particularly hard hit by the housing market decline and resulting impact
on property tax revenues. It was additionally noted that the District's pension rate for its
largest employee group increased by nearly 100% from FY 2010-11 to FY 2011-12. That
pension rate is projected to continue increasing
APPROVE OTHER
RECOMMENDATION OF CNTY
ADMINISTRATOR
RECOMMENDATION OF BOARD
COMMITTEE
Action of Board On: 12/06/2011 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, Director
Gayle B. Uilkema, Chair
Mary N. Piepho, Director
Karen Mitchoff, Director
Federal D. Glover, Director
Contact: Jackie
Lorrekovich, 925-941-3312
I hereby certify that this is a true and correct copy of an action taken and entered on
the minutes of the Board of Supervisors on the date shown.
ATTESTED: December 6, 2011
David Twa, County Administrator and Clerk of the Board of
Supervisors
By: June McHuen, Deputy
cc:
SD. 4
To:Contra Costa County Fire Protection District Board of Directors
From:Daryl L. Louder, Chief, Contra Costa County Fire Protection District
Date:December 6, 2011
Contra
Costa
County
Subject:Multiple Year Financial Overview
BACKGROUND: (CONT'D)
over the next several fiscal years.
At the conclusion of the report, Director Piepho requested a ten year picture of revenues
so that the Board could have a larger time-frame for examining trends in the District's
budget.
CONSEQUENCE OF NEGATIVE ACTION:
No impact.
CHILDREN'S IMPACT STATEMENT:
No impact.
ATTACHMENTS
District 10 Yr Financial Summary