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 Resolutions within the Enterprise Funds in the amount of $30,806,091 primarily to adjust the fund balances and other budgeted revenues and to appropriate funds to reserves and other 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.
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 2025 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) - $34,700,120 - Budgeted fund balance is adjusted, and funding is appropriated to reserves ($25,324,120), for a transfer to the FLL Capital Fund to support the Terminal 1 Baggage Handling System Device Net migration project ($95,000), for a transfer to the Aviation Bond Fund for an arbitrage yield liability payment made to the Internal Revenue Service (IRS) in January of 2025 ($6,366,000), for an increase in Professional Services for parking management due to increased wages associated with the terms ...
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