(PLACERVILLE, CA) – The El Dorado County Board of Supervisors today approved the Fiscal Year (FY) 2022-23 Adopted Budget of $952.3 million in governmental fund appropriations.
“This budget continues the Board’s fiscally conservative approach by balancing the needs to be prepared for a recession, while also investing in much needed compensation increases and security enhancements for our employees as well as critical services to our community and our partner organizations”, stated Don Ashton, Chief Administrative Officer.
The Adopted Budget meets all federal and state requirements and all Board-approved budget policies. It fully funds the General Fund Contingency ($6.75M plus an additional $10M) and General Reserve ($11M). The Adopted Budget funds most of departments’ needs that were deferred in the Recommended budget and includes total General Fund designations, reserves, and contingency equal to 23.35% of total General Fund appropriations. This is a significant improvement from FY 2007-08, when the County had just 10.18% of adjusted General Fund appropriations set aside in advance of the recession from 2008 – 2010 which resulted in significant service reductions and staff layoffs.
Additional highlights of the Adopted Budget include:
Providing safe, healthy and vibrant communities; respecting our natural resources and historical heritage.