HomeMy WebLinkAboutMINUTES - 09081992 - 1.119 07 1 1 9
TO- BOARD OF SUPERVISORS
FROM; Phil Batchelor Contra
County Administrator
DATE . September 8, 1992. C"`.'l*
SUBJECT: TRANSFER FROM RESERVE FOR LITIGATION AND AUDIT
EXCEPTIONS
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Authorize the Auditor-Controller to reduce the Reserve for
Litigation and Audit Exceptions by $227 , 789. 30 and transfer
funds to the Insurance/Settlements budget unit.
FINANCIAL IMPACT:
Based on recommendations from the Auditor-Controller and the County
Administrator, your Board has established budgetary reserves in
order to cover potential costs due to litigation and audit
exceptions. The recommended action would reduce the reserve in
order to allow payment of litigation and audit exception accounts
which have now been finalized. Because existing reserves were
appropriately established, this action will have no financial
impact on current operations.
BACKGROUND:
A budgetary reserve for litigation and audit exceptions is
established each year to ensure that funding is available during
the year to cover legal claims and audit exceptions. $227, 789. 30
is required to make the current year' s payments due under the 1988
Court Fines and Forfeitures settlement with the Cities. Board
action is required to release these funds to liquidate the
obligations.
COURT FINES SETTLEMENT:
Per the agreement between the County and cities within the County
which receive court fines and fees, the County will make up the
difference between the actual fees received and distributed during
the year and the $500 , 000 installment due in 1991-92. The
settlement amount is $227 , 789. 30.
�
CONTINUED ON ATTACHMENT: YES SIGNATURE'.
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE S :
ACTION OF BOARD ON _-/ -?-9v�APPROVED AS RECOMMENDED /� OTHER
VOTE OF SUPERVISORS
1 HEREBY CERTIFY THAT THIS IS A TRUE
X UNANIMOUS (ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN
AYES: _ NOES: _ AND ENTERED ON THE: MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. / �+
cc: Auditor-Controller (General Accounting ATTESTED
and Budgets) PHIL BATCHELOR, CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
BY ,DEPUTY
M382/7-83