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HEARING - Consider recommendations regarding the second quarter Fiscal Year 2004-05 Budget Update, as follows: (EST. TIME: 45 MIN.)
a) Accept and file, per the provisions of Government Code Section 29126.2, the Fiscal Year 2004-05 Financial Status Report as of December 31, 2004, showing the status of appropriations and financing for all departmental budgets adopted by the Board of Supervisors;
b) Approve a budget revision updating anticipated discretionary General Fund revenue to reflect revenue "shifts" and "swaps" included in the adopted FY 04-05 State budget;
c) Receive an updated forecast of the General Fund budget's financial condition on June 30, 2005 with revenue and expenditure forecasts reflecting the budget revision and receive an updated financial projection for FY 05-06.
COUNTY ADMINISTRATOR'S RECOMMENDATION: APPROVE
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