Broward County Commission Regular Meeting
Director's Name: Norman Foster
Department: Office of Management and Budget
Information
Requested Action
title
MOTION TO ADOPT supplemental budget Resolution within the Enterprise Funds in the amount of $68,925,679 to adjust the fund balance and other budgeted revenues and to appropriate funds to reserves and other commitments.
body
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.
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.
THE OFFICE OF MANAGEMENT AND BUDGET RECOMMENDS APPROVAL OF THE FOLLOWING SUPPLEMENTAL BUDGET ACTIONS WITHIN THE ENTERPRISE FUNDS.
FLL OPERATING FUND (40100) - $37,446,390 - Budgeted fund balance is adjusted, and funding is appropriated to reserves ($31,821,890), for a transfer to the FLL Capital Fund for various capital projects ($2,755,000), for a transfer to the Disaster Recovery for Aviation Fund for prior year expenditures related to the April 2023 flood event ($2,259,500), and to replenish electric utility funding ($610,000).
HWO OPERATING FUND (40200) - $483,420 - Budgeted fund balance is adjusted, and funding is appropriated for a transfer to the HWO Capital ...
Click here for full text