Title
Title
Trial Court Budget: Minimum Operating and Emergency Fund Balance Policy (Action Required)
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Summary
Summary
The Judicial Council’s suspension of the minimum operating and emergency fund balance policy expires as of June 30, 2018. The minimum operating and emergency fund balance policy, established by the Judicial Council in October 2006 and revised in April 2009, requires trial courts to set aside a percentage of funds for use in emergency situations or when revenue shortages or budgetary imbalances may exist. This policy has been suspended by the Judicial Council since August 31, 2012, due to changes in statute and to provide for the opportunity to seek repeal. The Trial Court Budget Advisory Committee recommends that the Judicial Council approve an extension to the suspension of the minimum operating and emergency fund balance policy.
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Recommendation
Recommendation
The Trial Court Budget Advisory Committee unanimously recommends that the Judicial Council extend the suspension of the minimum operating and emergency fund balance policy for two fiscal years until June 30, 2020-or earlier if Government Code section 77203 is repealed or amended-while in the interim the council continues to seek repeal or amendment of Government Code section 77203.
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Speakers
Speakers
Hon. Jonathan B. Conklin, Chair, Trial Court Budget Advisory Committee
Ms. Lucy Fogarty, Budget Services