To: Board of County Commissioners
Through: Todd Weaver, Finance Director
Prepared By:
prepared
Lisa Stairs, Sr. Budget Analyst, Finance Department
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presenter
Presenter: Lisa Stairs, Sr. Budget Analyst, Finance Department
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Subject:
title
1:00 PM *2nd 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 2022 budget, to review the fiscal status of Arapahoe County, and identify issues that may soon arise. The supplemental appropriation requests will be reviewed by the Executive Budget Committee to then be recommended for approval by the Board. The supplemental appropriation requests will then be presented, and the Board will be asked to review these proposals and decide which should go forward to a public hearing on September 13, 2022. The study session will also provide an update on the status of key Capital Improvement Program projects.
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Background and Discussion: Attached to this Board Summary Report is the Staff Report containing background information on the economy, major fund projections, and the list of requested supplemental appropriations as of the end of the 2nd Quarter, 2022. The first section of the supplemental request materials identifies supplemental appropriation requests that would have a net impact on the 2022 budget that require a Board discussion and decision to move forward. The second section shows supplemental appropriation requests that have a neutral impact on the 2022 budget from an expenditure standpoint and generally involve grant funds or additional revenue.
The 2022 budget was balanced and adopted on December 14, 2021. Since that date, supplemental appropriations, transfers, and reappropriations have been added to the original adopted 2022 budget. This amended budget is the basis for department and elected office projections and supplemental appropriation requests. Throughout the s...
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