Monday, June 13, 2016 – 11:00 a.m.
The San Bernardino County Board of Supervisors is set to continue its policy of increasing the county budget cushion this year.
On Tuesday, county supervisors will consider the adoption of a 2016-17 fiscal year budget that once again projects record cash reserves.
Budget attachment “C” indicates county reserves will increase to a record $418.1 million by June 30, 2017. Of that number, $97.1 million is designated as “Undesignated – General Purpose”, even though the remaining balance can be undesignated by board action at any time.
Just one year ago, the county reserves sat at $267.6 million. This means that total county reserves will have increased 56.3 percent or $150.6 million in just two years.
The reserve balance also doesn’t include millions of dollars classified as department contingencies, factored into the budget, that usually aren’t spent and act as a way of concealing extra cash.
The county currently sports the highest awarded credit rating.
To read the county reserve projections, click the following link: SBCO Budget Reserves FY 2016-17