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FY 2024/25 Quarterly Budget Update
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Requested Action(s)
recommendation
Review and approve the revised FY 2024/2025 budget, as presented.
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Financial Impact:
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Background Information:
Attached is a spreadsheet providing a summary of first quarter revenues and expenditures as of March 24, 2025.
Income
The FY 2024/2025 budget utilizes the following revenue sources and is expected to result in a contingency of $48,310.32 (5.21%):
- Interest (440300) income is relative to federal interest rates. Pursuant to the guidance provided by the Tehama County Auditor-Controller for the purposes of budgeting interest income, interest revenue is predicted to yield approximately 2% for FY 2024/2025. The third quarter interest apportionment has not yet been posted.
- Gate Fees (461001), which are budgeted based on a flat monthly fee of $70,000 per month for FY 2024/2025, represent eight months of gate fee revenues.
- Hazardous Waste Fees (461005) represents HHW business fees, donations made to the used oil collection facility (ABOPS) and Ag Oil Facility. The second quarter PaintCare reimbursement for our REAP paint reuse program was received in February.
- Miscellaneous Revenue (471120) includes grazing lease fees, and other small amounts of revenue. A new grazing lease began January 6, 2025, resulting in slightly lower revenue for the first year of the lease.
- Interfund Revenue (461070) is reimbursed labor costs for grant-related work.
- Fund Balance Available (301900) income utilizes available funds from previous fiscal years as a funding source.
Expenses
Expenses are projected as described below.
- Salary/Wages (510100), PERS (510200), OASDI (510210), Group Insurance (510300), and Unemployment Insurance (510310) take into consideration normal step increases at anniversary dates, the resignation of Recycling Program Analyst II, untimely passing of the Agency Manager, and recruitment of replacement employees.
- Pa...
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