To: Board of County Commissioners
Through: Todd Weaver, Director, Finance
Prepared By:
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Lisa Stairs, Senior Budget Analyst, Finance
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presenter
Presenter: Jessica Savko, Budget Manager; Lisa Stairs, Senior Budget Analyst, Finance
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Subject:
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1:00 PM *2024 First Quarter Budget Review
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Purpose and Request:
recommended action
The purpose of this study session is to update the Board of County Commissioners (BOCC) on the status of the 2024 budget, to review the fiscal status of Arapahoe County, and identify issues that may arise in the near future. Various supplemental requests will be reviewed by the Executive Budget Committee (EBC) and recommended for approval by the Board. These supplemental requests will be presented, and the Board will be asked to review these proposals and decide which should go forward to a public hearing on June 11, 2024.
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Background and Discussion: The 2024 budget was balanced and adopted on December 12, 2023. Since that date, supplemental appropriations, transfers, and reappropriations have been added to the original adopted 2024 budget. This amended budget is the basis for department and elected office projections and supplemental appropriation requests. During the first quarter of 2024, some departments and offices have identified areas or issues requiring modifications to their budgets and have submitted these needs as supplemental requests. For the first quarter of 2024, there are a number of supplemental requests that require a discussion and decision by the BOCC as well as a number that are budget neutral and have corresponding revenues to offset expenditures. The EBC will meet to discuss these requests prior to the May 14, 2024, study session. The Finance Department will present the Committee's recommendations to the Board for their review and approval at the study session. Before making decisions on these amendments, the BOCC may wish to consider the background information provided on the...
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