County commissioners have approved 15 holidays for fiscal year 2012.
Once again, employees will not be paid for those days. The list includes some changes from last year, and will impact citizens, as county offices along with the landfill and recycling centers will be closed on these dates. The local government will not be closed on Sgt. John Newton day, which is a personal day of the employee's choice to be taken with manager approval.
Holidays are as follows:
* Independence Day, Monday, July 4 (already observed)
* Labor Day, Monday, Sept. 5
* Columbus Day, Monday, Oct. 10
* Veterans Day, Friday, Nov. 11
* Thanksgiving Day, Thursday, Nov. 24
* Day after Thanksgiving, Friday, Nov. 25
* Christmas holiday: Friday, Dec. 23
* Boxing Day: Monday, Dec. 26
* New Year's Eve: Friday, Dec. 30
* New Year's Day: Monday, Jan. 2, 2012
* Martin Luther King Jr. Day: Monday, Jan. 16
* Washington's Birthday: Monday, Feb. 20
* Good Friday, Friday, April 6
* Memorial Day: Monday, May 28
* Sgt. John Newton Day: Employee choice with manager approval
Full-time or public safety employees scheduled to work on a holiday will be given equivalent time off on another day.
In other news, the board also approved a fund balance policy at its July 19 meeting. The policy establishes rules to govern minimum balances of the general fund and a contingency/stabilization fund.
The contingency/stabilization fund will help meet unexpected revenue shortages or be used in financial emergencies. The policy states the county's goal is to maintain the fund at $1.5 million, or 2.5 percent of the general fund maintenance and operation expenses, whichever is greater.
That goal will not be fully realized until FY 2016 due to current financial constraints. The board has set minimum balances in the interim, beginning with a contingency of $250,000 for this fiscal year.
Withdrawals from the fund will require approval by 80 percent, or four out of five, of the board members, and no more than half the fund can be withdrawn in one fiscal year. Withdrawal will only be permitted to address a projected revenue shortfall greater than one percent of the general fund operating revenue, to mitigate damage caused by a natural disaster or to address an urgent event that jeopardizes public safety.
The policy sets five categories for the fund balance: non-spendable, which includes amounts that are not in spendable form or are required to remain intact, such as inventory or permanent funds; restricted, which can only be spent for specific purposes stipulated by external resource providers or through enabling legislation, such as unspent bond proceeds or unspent tax revenues raised for a specific purpose; committed fund balance, which can be used for specific purposes determined by formal action of the BOC, and includes the contingency fund; assigned fund balance, funds not restricted or committed, to be used by the BOC for specific purposes that must be set by resolution or formal vote; and unassigned fund balance, funds available for immediate appropriation.
By FY 2015, unassigned fund balance will be established at between 15 and 22 percent of the prior fiscal year's general fund M&O expenditures. The unassigned balance will be used to maintain the county's stabilization fund, address unanticipated revenue shortfalls or expenditures and fund non-recurring capital expenditures.
The BOC will be provided an annual report on the status of the fund balance.