Broward County Commission Regular Meeting
Director's Name: Norman Foster
Department: Office of Management and Budget
Information
Requested Action
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MOTION TO ADOPT supplemental budget Resolution within the Capital Funds in the amount of $227,095,025 to adjust fund balance and other budgeted revenues and appropriate funds to reserves and other project commitments.
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Why Action is Necessary
Supplemental budgets are required whenever existing revenue sources are increased or decreased, resulting in a change to the total appropriation of a fund or for the creation of a new capital project over $25,000.
What Action Accomplishes
The primary purpose of this supplemental budget is to recognize the difference between the preliminary fund balance and the current budgeted fund balance of each fund. This budget amendment also includes a number of proposed appropriations to address issues that have arisen since the adoption of the Fiscal Year 2024 budget.
Goal Related Icon(s)
?County Commission
?Go Green
?MAP Broward
Previous Action Taken
None
Summary Explanation/Background
Staff presents three supplemental budgets per year to the Board. The purpose of the second supplemental budget is primarily to reconcile the fund balances. This budget amendment also includes a number of proposed appropriations which are highlighted individually below. In general, additional fund balance is appropriated to reserves for allocation in the Recommended Fiscal Year 2025-2029 capital program.
THE OFFICE OF MANAGEMENT AND BUDGET RECOMMENDS APPROVAL OF THE FOLLOWING SUPPLEMENTAL BUDGET ACTIONS WITHIN THE CAPITAL FUNDS.
STREETS AND HIGHWAYS CAPITAL FUND (30105) - $273,527 - Budgeted fund balance is adjusted, and additional funds are appropriated to reserve.
ENGINEERING CAPITAL OUTLAY FUND (30110) - $30,302,367 - Budgeted fund balance is adjusted, and the transfer from the Local Option Gas Tax Special Revenue Fund is increased and appropriated for the purchase of heavy...
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