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BOCC AGENDA ITEM
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| Item Title: | FY 2020 End of Year Variance Analysis | | Date: | 1/20/2021 | | Department: | OMB |
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| | | | | | | | | Background: | | FY 2019-20 ended September 30, 2020. There is a 60 day window after the end of the fiscal year for adjustments to be made to the general ledger before the books are closed for the year and the audit fieldwork commences. The Office of Management and budget has performed a budget-to-actual variance analysis on the three taxing funds as of FY 2020 fiscal year end and will be presenting the results. | | Request: | | Presentation from Megan Diehl, Director of the Office of Management and Budget re: Fiscal Year 2020 End of Year Variance Analysis | | Financial/Economic Impact to Future Years Budgeting Process or Effect on Citizens: | | Periodic analysis of budget-to-actual results leads to more effective budgeting in future years. It is a useful tool that can be used to measure performance, more effectively allocate resources and proactively address potential future budget issues. | | Action Requested and Recommendation: | | Presentation from Megan Diehl, Director of the Office of Management and Budget re: Fiscal Year 2020 End of Year Variance Analysis | | Is this action consistent with the Nassau County Comprehensive Land Use Plan? | | NA | | Funding Source: | | N/A |
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| Additional Information Needed for Contracts/Agreements (If Applicable) | | | Contract Number assigned by Contracts Management: | | N/A | | For non-governmental agencies, has the document been sent to the vendor for signature? | | N/A | | Does the document need to be recorded? If so, who will pay the recordation fee? | | N/A | | Are there any special mailing instructions? (Include contact name, address, deadline for submittal, how to mail such as express mail, FedEx, etc): | | N/A | | How many originals are needed? | | N/A |
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