Meeting Type: BCC Regular Meeting
Meeting Date: 12/16/2025
Item Status: New
From: Beth Hodges, Budget Director
Submitted by: Beth Hodges, Budget Director
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ITEM TITLE
Title
Resolution #2026-033 - Amendment to FY 2026 Budget - Allocation of Unassigned Balances
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STAFF RECOMMENDATION
Recommendation
Adopt Resolution #2026-033, amending Fiscal Year 2026 Budget (Resolution #2026-170 and Resolution #2026-171, adopted on September 16, 2025) in order to allocate Unassigned Balances.
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BACKGROUND INFORMATION
Background: For consideration on the December 16th meeting are revised Policy #8.22 Financial Management increasing the Assigned Reserve minimum from 30% to 35%, and Resolution #2026-035 committing $46,158,146 for General Fund Reserve Balance and $13,622,228 for Highway Fund Reserve Balance.
Per Policy #8.22 Unassigned Balances should remain between 5%-10% of annual budget, less capital, following any needed allocations to Reserve Balances. During the calculation of the current year’s reserves, the General Fund and Highway Unassigned Balances were determined to be 20.59% and 50.92%, respectively. Staff requests the use of $11,600,000.00 of General Fund and $10,000,000.00 of Highway additional funds over required minimums for the following purposes.
1) General Fund $11,600,000.00
a. Allocation of $3,000,000.00 to General Fund Non-Departmental - Projects (10010100.52990) to provide additional funding for current project(s) and/or offer funding for additional project(s).
b. Allocate $3,200,000.00 to the 30 Cubed Program Fund - Contract Services (20310203.51500) to provide funding for the initial cost of design for current approved projects.
c. Allocation of $5,400,000.00 for Capital Projects Fund - Contract Services (20210202.51500) to provide additional funding for current project(s) and/or offer funding for additional project(s).
2) Highway $10,000,000.00 - Allocate to the 30 Cubed Program Fund Contract Services (20310203.51500) to provide funding for the initial cost of design for current approved projects.
The use of the requested funds provides funding for projects, current and future, thus further delaying the need for outside funding to complete projects. Specific projects and distribution amounts within each noted fund will be determined at a future date.
Previous Commission action/date: September 16, 2025, BCC Regular Meeting - Adoption of FY 2026 Budget.
FINANCIAL IMPACT
Total cost of recommendation: $21,600,000.00
Budget line item(s) to be used: See Resolution #2026-033 for Accounts
If this is not a budgeted expenditure, does the recommendation create a need for funding? N/A
LEGAL IMPACT
Is legal review necessary for this staff recommendation and related documents?
N/A
Reviewed/approved by: N/A
Additional comments: N/A
ADVERTISING REQUIREMENTS
Is advertising required for this recommendation? N/A
If the proof of publication affidavit is not attached, list the reason: N/A
FOLLOW UP IMPLEMENTATION
For time-sensitive follow up, select deadline date for follow up: N/A
Individual(s) responsible for follow up: Administration and Budget Staff
Action required (list contact persons/addresses if documents are to be mailed or emailed): Administration - Upload resolution; Budget - Create budget entry from resolution
Additional instructions/notes: N/A