(Supervisors adopt a balanced budget)….Not only is it balanced, but there is a small surplus.
The Board approved the resolution adopting the final budget for fiscal year 2013-2014. The resolution must now be filed with the State Controllers office. The total spending plan comes in at $407 million. The General Fund stands at just under $221.6 million. With expenditures at $207 million, there was a surplus of $14.5 million. County officials said $8 million of the surplus was used for Board approved augmentations. That left a surplus of just under $4.5 million. $2.7 million was transferred to the Revenue Stabilization Fund. Count Executive Officer Ralph Cordova said $1 million was left in the budget as a contingency fund.