BUDGET ADJUSTMENTS - Laserfiche WebLink

Browse Search

Conejo Recreation & Park District GENERAL MANAGER BOARD OF DIRECTORS Jim Friedl Nellie Cusworth, Chair Susan L. Holt, Vice Chair George M. Lange, Director Chuck Huffer, Director Doug Nickles, Director GENERAL MANAGER EMERITUS Tex Ward DATE: June 2, 2022 TO: Board of Directors FROM: Jim Friedl, General Manag r SUBJECT: Proposed Adjustments t e Fis I Year (FY) 2022-23 Preliminary Operating and Capital Budgets, the Second Year of the 2 -Year Budgets RECOMMENDATION Consider and provide input on proposed adjustments to the FY 2022-23 Preliminary Operating and Capital Budgets. DISCUSSION The FY 2022-23 preliminary Operating and Capital Budgets are the second year of the two-year budgets the Board approved on June 17, 2021. This memo provides information on proposed adjustments to those budgets. The budget process began with the approval of a two-year budget, followed by adoption of the second year of that approved budget as the preliminary FY 2022-23 Budget on April 7, 2022. Public hearings have been held at Board meetings since April 7. The process is scheduled to conclude with adoption of the budgets on June 16, 2022. Budget Environment The budget environment is uncertain; the COVID-19 pandemic has impacted the global and local economy. Inflationary pressures and continuing supply chain constraints challenge businesses and local governments bouncing back from the pandemic. In addition, more than 40 million people left their jobs last year, also known as the Great Resignation. Workers expect higher pay, better benefits, remote flexibility, and stable hours. The proposed adjustments largely reflect the anticipated inflated service and supply expenses as well as salary and benefit changes to include negotiated rate increases, new positions and the scheduled minimum wage increase in January. ADMINISTRATIVE OFFICES 403 West Hillcrest Drive, Thousand Oaks, CA 91360-4223 805-495-6471 1 Fax: 805-497-3199 1 parks@crpd.org I www.crpd.org