Butte County Grand Jury
• 2008-2009
Butte County Grand Jury Report 2008/2009 Butte County General Reserve
⚠️ Aviso de traducción: Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings and Recommendations 5 findings
F1
During the period 1999-2008, Butte County tax and interest revenue increased from $38- 75 million totaling about $480 million for the period.
No recommendations for this finding
F2
During years of increasing revenue, Butte County did not create a General Reserve (Rainy Day Fund).
Related Recommendations (1)
R1
The 2008/2009 Grand Jury recommends that Butte County immediately establish, adopt, and implement a policy, with a specific formula, to develop a General Reserve. This would be implemented when Butte County revenues exceed an indicator, such as the Con- sumer Price Index, or equivalent.
F3
In the FY 2008/2009 annual budget the County has a small Contingency. The Contingency is not adequate to handle the severe reduction in revenue.
No recommendations for this finding
F4
Butte County is entering a period, which may extend several years, of reduced revenue.
No recommendations for this finding
F5
As a result of not having a General Reserve, Butte County will need to make drastic reduc- tions in staffing, equipment, and levels of services for several years.
No recommendations for this finding
No Responses Found 3
Government entities assigned to respond to this report. No response documents have been linked in our database.