Title:
Title
Approval of Revisions to the Sacramento Employment and Training Agency Operating Budget, Fiscal Year 2018/19
End
FileID
File ID: 2019-00624
Location
Location: Citywide
Recommendation:
Recommendation
Adopt a Resolution approving the Fiscal Year (FY) 2018/19 Sacramento Employment and Training Agency (SETA) Revised Operating Budget in the amount of $87,584,548.
Contact: D'et Saurbourne, Fiscal Chief, (916) 263-3811, Sacramento Employment and Training Agency; Dawn Holm, Director of Finance, (916) 808-5574, Department of Finance.
Body
Presenter: None.
Attachments:
1-Description/Analysis
2-Resolution
3-Exhibit A - Revised Budget SETA FY2018/19
Description/Analysis
Issue Detail: In 1978, the City of Sacramento and the County of Sacramento executed a Joint Exercise of Powers Agreement ("JPA") establishing the Sacramento Employment and Training Agency ("SETA"). Pursuant to Paragraph 21 of the JPA, the budget process requires the SETA Governing Board to approve the revised budget and submit it to the signatories of the JPA for final approval.
As approved by the SETA Governing Board, Sacramento City Council and County of Sacramento Board of Supervisors, SETA's original budget for FY2018/19 totaled $87,584,548. Changes to grants and allocations received after the final budget was approved and the under-spending in Personnel and Fringe Benefits cost categories for the Head Start Program necessitate the revision of the Operating Budget for FY2018/19 to more accurately reflect the anticipated revenues and expenditures by cost categories.
The revised budget reflects an increase in the Fixed Assets category in the amount of $230,000 for the additional costs incurred on the Hopkins Park ELC modular construction project. Underspent funds in the Personnel cost category are being reallocated due to various vacant Head Start positions not being replaced during the program year.
The revised budget was presented and approved before the Governing ...
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