Meeting_Body
SAFE BOARD MEETING
JUNE 25, 2020
Subject
SUBJECT: CONTINUING RESOLUTION FOR FISCAL YEAR 2021 BUDGET
Action
ACTION: ADOPT A CONTINUING RESOLUTION FOR FISCAL YEAR 2021 BUDGET
Heading
RECOMMENDATION
Title
A. ADOPT a continuing resolution to extend the FY20 budget authorization, including authorization to continue obtaining administrative and staffing services from PTSC, for one quarter into FY21 until September 2020 when Fiscal Year 2021 (FY21) budget is considered for Board adoption.
B. AUTHORIZE the CEO to execute the adopted continuing resolution through first quarter of FY21 until October 1, 2020.
Issue
ISSUE
The current FY20 budget authorization is for the period of July 1, 2019 to June 30, 2020. The development of the FY21 budget was on schedule until March 2020 when Coronavirus Disease-2019 (COVID-19) pandemic altered the trajectory of the economy and negatively impacted the development of the FY21 annual budget. As a matter of practice, LA SAFE develops its budget in coordination and collaboration with Metro. In May, Metro adopted a continuing resolution effectively extending the FY20 budget until September 2020. This action will ensure that LA SAFE remains aligned with Metro and has the ability to appropriately adjust its budget to account for any impact that Metro budgetary actions may have to LA SAFE services and programs.
A continuing resolution to extend the adopted FY20 Budget beyond June 30, 2020 for one quarter is a temporary reprieve to enable LA SAFE to continue operating without interruption until the FY21 budget can be adopted. Meanwhile, LA SAFE will work to revise the FY21 Budget for Board consideration to adopt by September 2020.
Background
BACKGROUND
LA SAFE was created in 1988, pursuant to California Streets and Highway Code Section 2550 et.seq., and is responsible for providing motorist aid services in Los Angeles County. To fulfill its mission, LA SAFE needs an annual budget and requires administrati...
Click here for full text