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File #: 17715-23    Version: 1
Type: Briefing/Report (Dept,BCC) - Action Requested Status: Consent
File created: 8/16/2023 In control: County Council - Regular Session
On agenda: 9/5/2023 Final action:
Title: State of New Mexico Department of Finance and Administration Approval of the FY2024 Los Alamos County Budget
Presenters: Helen Perraglio; Erika Thomas
Indexes (Council Goals): Quality Governance - Fiscal Stewardship
Attachments: 1. A - State Budget Approval Letter, 2. B - Budget By Fund

Title

State of New Mexico Department of Finance and Administration Approval of the FY2024 Los Alamos County Budget                     

Body

Local budgets approved by the Local Government Division of the New Mexico Department of Finance and Administration (DFA) are required by State Statute to be made a part of the minutes of that local body.  Therefore, the letter with the approved budget from DFA is being provided here so that it may be incorporated into the minutes. No further Council action is required

 

DFA required a change to the Law Enforcement Protection Fund increasing the adopted budgeted revenues and expenditures by $89,690 to match the grant award for FY 2024 and carryover amount from FY 2023.  The increase and carryover will be reflected in the carryover request presented to council on September 29, 2023.

 

The total FY2024 adopted expenditure budget approved  by DFA is $382,171,491 vs approved budget by Council on April 24,2023 with  total expenditures of $382,081,801. The difference is the $89,690 ( Carry over amount is $77,728 and Grant increase from submitted budget is 11,962).

Attachments

A - State Budget Approval Letter FY2024

B - Los Alamos County Budget by Fund