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EL DORADO COUNTY RELEASES FISCAL YEAR 2022-23 $865 MILLION RECOMMENDED BUDGET
(PLACERVILLE, CA) – El Dorado Chief Administrative Officer Don Ashton today released his Fiscal Year 2022-23 Recommended Budget to the Board of Supervisors. The total Recommended Budget is $864.9 million, which is a $93.1 million (12%) increase over the FY 2021-22 Adopted Budget of $771.8 million and includes all Governmental Funds, including the use of Special Revenue Funds.
The Recommended Budget fully funds the General Fund Contingency at $16 million and General Reserves at $10.75 million, in accordance with the Board's budget policies. Additionally, this Recommended Budget meets the Board's new policy goals of contributing $6 million to the Designation for Capital Projects as well as exceeds the policy goal of contributing $5 million of discretionary revenues to road maintenance by $2 million, for a total contribution to road maintenance and snow removal services of $7.95 million.
The increase in the total Recommended Budget can primarily be attributed to the Mosquito Bridge replacement project, Caldor Fire Hazardous Tree Removal projects, the second allocation of American Rescue Plan Act (ARPA) funding, and increased state and federal grants and allocations in the Health and Human Services Agency, as well as compensation increases provided to county staff.
"Due to the Board's constraints and adherence to fiscal and budget policies that have been developed over the past six years, as well as much higher than anticipated discretionary revenues and federal funding associated with the CARES Act and American Rescue Plan, the County's General Fund is in a strong position," Ashton said.
Total General Fund appropriations are recommended at $397.6 million, which is $27.1 million (7%) more than the FY 2021-22 Adopted Budget of $370.5 million approved by the Board in September 2021.
The budget also addresses the Board's previous direction by including the following:
"Although the County currently sits in a secure economic position due to previous Board decisions and diligent staff work, we cannot ignore the warnings of many experts who are predicting a recession and the impact it would have on our ability to provide goods and services at the current level," Ashton said. "Therefore, the most prudent approach is for the Board to maintain these reserves and contingency amounts, without authorizing any additional spending at this time."
State law requires counties to have a budget in place no later than June 30th of each year. The Recommended Budget can be found here.
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