FROM: James D. Herberg, General Manager
Originator: Lorenzo Tyner, Assistant General Manager
SUBJECT:
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CORRECTIONS TO THE 2021-2022 BUDGET - ERRATA INFORMATION
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GENERAL MANAGER'S RECOMMENDATION
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RECOMMENDATION:
Approve the incorporation of adjustments and corrections into the 2021-22 Fiscal Year Budget.
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BACKGROUND
Subsequent to the printing of the 2021-22 Fiscal Year Budget, staff has identified minor adjustments and corrections required to the Budget, primarily typographical and printing errors. These corrections are found on the attached Errata Sheet. While there are changes to the levels of some of the positions, these corrections do not require a change to the approved budget amounts or total number of approved full time equivalent (FTE) staff positions.
RELEVANT STANDARDS
* Ensure the public's money is wisely spent
* Produce appropriate financial reporting - annual financial report & audit letter and Ops & CIP budgets every two years, with annual update
* Stable rates, no large unforeseen rate increases
PROBLEM
The Fiscal Year 2021-22 Budget Book that was approved by the Board of Directors in June 2021 contains typographical and printing errors pertaining to the approved FTEs in various divisions.
PROPOSED SOLUTION
Approve the attached Errata Sheet correcting the number of FTEs in specific positions. There is no change to the approved total staffing budget or the total number of FTEs.
TIMING CONCERNS
Fiscal Year 2021-22 began July 1, 2021.
RAMIFICATIONS OF NOT TAKING ACTION
Some of the errors involve vacant positions that are not properly reflected in the approved budget. If the budget is not corrected, needed positions will remain vacant.
PRIOR COMMITTEE/BOARD ACTIONS
June 2021 - Board approved the 2021-22 Fiscal Year Budget.
ADDITIONAL INFORMATION
N/A
FINANCIAL CONSIDERATIONS
Corrections contained in the attached Errata Sheet do not increase the overall budget totals that were approved by ...
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