Title
Title
Trial Court Trust Fund Allocations: 2 Percent Reserve (Action Required)
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Summary
Summary
The Trial Court Budget Advisory Committee’s 2 Percent Funding Request Review Subcommittee (TCBAC subcommittee) presented a recommendation to the Judicial Council on the Superior Court of Tehama County’s application for supplemental funding. Under the current policy adopted by the Judicial Council, from January 1 through March 15, 25 percent of the remaining Trial Court Trust Fund 2 percent state-level reserve is available for court requests due to unforeseen emergencies or unanticipated expenses. For 2015-2016, the 25 percent amount remaining in the 2 percent state-level reserve is $9.4 million. The total amount requested by the Superior Court of Tehama County is $498,000.
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Recommendation
Recommendation
Allocate a one-time distribution of $272,000 to the Superior Court of Tehama County from the TCTF 2 percent state-level reserve. The recommended amount would provide funding for the court’s 2015-2016 General Fund operational deficiency and for a fund balance amount equal to half of the court’s contributed share to the 2 percent state-level reserve, thereby approximating the maximum 1% reserve.
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Speakers
Speakers
Hon. Brian McCabe, Cochair, Trial Court Budget Advisory Committee:
2 Percent Funding Request Review Subcommittee
Mr. Richard Feldstein, Cochair, Trial Court Budget Advisory Committee:
2 Percent Funding Request Review Subcommittee
Mr. Zlatko Theodorovic, Finance Office