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 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.
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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 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 Fund to support the HWO Wastewater Master Plan ($103,000), permits ($140,000), the purchase of office equipment ($6,500), and reserves ($233,920).
AVIATION BOND FUND (40300) - <$37,795,890> - Budgeted fund balance is adjusted, and the reserve is reduced accordingly.
FLL CAPITAL FUND (40350) - $3,435,250 - Funding is transferred from the FLL Operating Fund to support South Runway Panel Replacement costs ($2,700,000) and an increase in the estimated cost of a quick response vehicle ($55,000). In addition, State Grants are budgeted for Stormwater Upgrades ($680,250) and reserves are adjusted <$4,871,973> to support a transfer to the Disaster Recovery for Aviation Fund for repairs related to the April 2023 flood event ($4,871,973).
PFC CAPITAL FUND (40450) - $0 - To reflect anticipated funding sources for the Rehabilitation of Taxiway A Pavement project, Budgeted Federal Grant revenue is reduced <$93,625> and State Grants are increased ($93,625).
HWO CAPITAL FUND (40550) - $178,000 - A transfer from the HWO Operating Fund is budgeted and appropriated to support the HWO Wastewater Master Plan ($103,000). Budgeted State Grant revenues are adjusted, and the appropriation for Mitigate Runway 1L-9R Crossings and Extend Taxiway A project are reduced accordingly <$240,000>. Finally, budgeted Federal Grant revenue is adjusted, and the appropriation for the Taxiway M Pavement Rehabilitation project is increased accordingly ($315,000).
DISASTER RECOVERY FOR AVIATION FUND (40600) - $4,871,973 - Budgeted fund balance is adjusted <$2,259,500>, and a transfer from the FLL Operating Fund is increased accordingly to support prior year expenditures related to the April 2023 flood event ($2,259,500). In addition, a transfer from the FLL Capital Fund is budgeted for additional repairs necessary because of the April 2023 flood event ($4,871,973).
PORT EVERGLADES OPERATING FUND (42100) - $34,300,643 - Budgeted fund balance is adjusted and appropriated for repairs at the Harbor Master Tower and Port Administration building ($4,010,300), repairs to the Eller Bridge Overpass/Manatee crossing ($1,244,160), and a transfer to the Port Everglades Capital fund ($29,046,183).
PORT EVERGLADES CAPITAL FUND (42250) - $14,755,283 - Budgeted fund balance is adjusted, a transfer from the Port Everglades Operating Fund is budgeted, and future bond proceeds are reduced, and funding is appropriated to support a change order for the Phase 9A Container Yard project ($9,573,247) and to reserve for future capital outlay ($5,182,036).
WATER AND WASTEWATER CAPITAL FUND (44250) - $0 - Budgeted Fund balance is adjusted ($5,900,990), and bond proceed revenues are modified accordingly <$5,900,990>.
SOLID WASTE OPERATING FUND (47100) - $5,510,623 - Budgeted fund balance is adjusted, and additional funds are appropriated to reserves ($5,101,623) and to the transfer to the Solid Waste Capital Fund for improvements to the Landfill’s Leachate System ($409,000). In addition, previously budgeted allocations that are capital in nature, are reduced <$5,330,987> and transferred to the new Solid Waste Capital Fund ($5,330,987).
SOLID WASTE CAPITAL FUND (47200) - $5,739,987 - A transfer from the Solid Waste Operating Fund, consisting of previously budgeted allocations that are capital in nature, is budgeted and appropriated for the following capital projects: building improvements at the North Residential Drop-Off Center ($258,000), the Broward County Landfill (BCL) Equipment Program ($1,754,187), scale replacement at BCL ($1,300,000), leachate system improvements at BCL ($235,000), Cell 2B Expansion ($1,300,000), improvements to the canopy at BCL ($200,000), and improvements to BCL’s administrative building and scale house ($283,800). In addition, the transfer from the Solid Waste Operating Fund includes new funding, appropriated from fund balance, to support additional leachate system improvements at BCL ($409,000).
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.