Broward County Commission Regular Meeting
Director's Name: Norman Foster
Department: Office of Management and Budget
Information
Requested Action
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A. MOTION TO ADOPT supplemental budget Resolution within the Internal Service Funds in the amount of $772,000 to amend revenues and appropriations prior to the close of the Fiscal Year.
ACTION: (T-12:15 PM) Approved Resolution No. 2022-429. (Refer to minutes for full discussion.)
VOTE: 7-0. Commissioner Moskowitz was inaudible during the vote.
B. MOTION TO ADOPT supplemental budget Resolutions within the Debt Service Funds in the amount of $32,658,230 to amend revenues and appropriations prior to the close of the Fiscal Year.
ACTION: (T-12:15 PM) Approved Resolution No. 2022-430 - 432. (Refer to minutes for full discussion.)
VOTE: 7-0. Commissioner Moskowitz was inaudible during the vote.
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Why Action is Necessary
Supplemental budgets are required whenever existing revenue sources are increased or decreased, resulting in a change in the total appropriations of a fund.
What Action Accomplishes
The primary purpose of this supplemental budget is to make year-end adjustments to facilitate the year-end closing process.
Is this Action Goal Related
No
Previous Action Taken
None
Summary Explanation/Background
Staff presents three supplemental budgets per year to the Board. The third supplemental budget is for the purpose of making year-end adjustments to various revenues and appropriations.
THE OFFICE OF MANAGEMENT AND BUDGET RECOMMENDS APPROVAL OF THE FOLLOWING YEAR-END ACTIONS WITHIN THE INTERNAL SERVICE AND DEBT SERVICE FUNDS.
2006B & 2016 CIVIC ARENA REFUNDING BONDS (22010) - $10,133,340 - Additional one-time Tourist Tax Revenue, collected in Fiscal Year 2022 and transferred from the Two Cent Tourist Development Tax, is recognized and transferred to the Convention Center Operating Fund ($3,875,000) and the Tourist Development Tax Capital Fund ($6,258,340) to support appropriations planned...
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