Broward County Commission Regular Meeting
Director's Name: Norman Foster
Department: Office of Management and Budget
Information
Requested Action
title
A. MOTION TO ADOPT supplemental budget Resolution within the Internal Service Funds in the amount of $450,000 to amend revenues and appropriations prior to the close of the Fiscal Year.
ACTION: (T-12:58 PM) Approved Resolution No. 2024-414. (Refer to minutes for full discussion.)
VOTE: 7-0. Commissioner Bogen was out of the room during the vote. Commissioner Ryan was not present.
B. MOTION TO ADOPT supplemental budget Resolutions within the Debt Service Funds in the amount of $3,010 to amend revenues and appropriations prior to the close of the Fiscal Year.
(Per the Thursday Agenda Memorandum, the Board's consideration of items is based on the items as amended by the Additional Material.)
ACTION: (T-12:58 PM) Approved Resolution No. 2024-415 as amended with Public Hearing Additional Material, dated September 5, 2024, submitted at the request of Office of Management and Budget.) (Refer to minutes for full discussion.)
VOTE: 7-0. Commissioner Bogen was out of the room during the vote. Commissioner Ryan was not present.
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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.
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 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) - $3,010 - Budgeted revenues are adjusted and appropriations are increased for principal payments ($10) and other debt service costs ($3,000).
RISK MANAGEMENT FUND (50015) - $450,000 - Budgeted revenues are adjusted and appropriations are increased for the replacement of Stop the Bleed Kits ($450,000).
Source of Additional Information
Norman Foster, Director, Office of Management and Budget, (954) 357-6346
Fiscal Impact
Fiscal Impact/Cost Summary
The fiscal impact is detailed above in the Summary Explanation/Background section of the agenda item.