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County Commission Approves New Biennial Budget

04/15/2020

Bernalillo County commissioners have approved biennial funding for fiscal year 2021and 2022. The new two-year budget cycle begins July 1, 2020 and ends June 30, 2022.

While county departments began working on their budget projections in 2019, the coronavirus (COVID 19) pandemic has resulted in revenue and expense contingencies that have been incorporated into the FY21/22 biennial budget. These contingencies include delaying the implementation of various initiatives and related expenses or the total removal of these initiatives from the budget. Additionally, all gross receipts tax (GRT) revenue will be closely monitored and projections adjusted as the need arises. Final adjustments to the budget will be presented for approval to the Board of County Commissioners in August or September.

“County employees have been working for months to develop these budgets and did it with the best information available at the time,” says County Manager Julie Morgas Baca. “The county will adjust as the income adjusts.”

The budget, as approved, is as follows:

General Operating Fund

FY 21 - $341,754,213
FY 22 (planned) - $345,925,641

Non-General Operating Fund

FY 21 - $208,710,216
FY 22 (planned) - $185,461,837

Carryover budget for multi-year projects

FY 21 - $159,580,504

Preparation of the fiscal year 2021 and 2022 biennial budget began in November 2019 by the Budget Office. The biennial FY21/22 budgets are developed attempting to meet the objectives in the county’s strategic plan and ensure that the county maintains its recently reaffirmed triple A bond rating. A public hearing on the budget was held on March 17.

This budget represents a balanced and comprehensive view of county funding requirements for the next biennium beginning July 1, 2020. including maintaining the DFA 3/12th reserve requirement of $84.5 million and the revenue and stabilization reserve (Minimum Fund Balance Policy) of five percent or $16.4 million.

The biennial budget was approved by a 5 to 0 vote.

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