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Legislation Details
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Agenda Date:
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5/26/2026
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Final action:
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Title:
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A. MOTION TO ADOPT budget Resolutions within the Debt Service Funds in the amount of $9,700,441, primarily to adjust fund balances and other budgeted revenues and to appropriate funds to reserves and other commitments.
B. MOTION TO ADOPT budget Resolutions within the Internal Service Funds in the amount of $21,967,302, primarily to adjust fund balances and other budgeted revenues and to appropriate funds to reserves and other commitments.
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Broward County Commission Regular Meeting
Director's Name: Jennifer Steelman
Department: Office of Management and Budget
Information
Requested Action
title
A. MOTION TO ADOPT budget Resolutions within the Debt Service Funds in the amount of $9,700,441, primarily to adjust fund balances and other budgeted revenues and to appropriate funds to reserves and other commitments.
B. MOTION TO ADOPT budget Resolutions within the Internal Service Funds in the amount of $21,967,302, primarily to adjust fund balances and other budgeted revenues and to appropriate funds to reserves and other commitments.
body
Why Action is Necessary
Budget amendments 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 budget amendment 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 2026 budget.
Goal Related Icon(s)
☐County Commission
☐Go Green
☐MAP Broward
Previous Action Taken
None.
Summary Explanation/Background
Staff presents three budget amendments per year to the Board. The purpose of the second budget amendment is primarily to reconcile the fund balances. In general, additional fund balance is appropriated to reserve, debt service, or other commitments.
THE OFFICE OF MANAGEMENT AND BUDGET RECOMMENDS APPROVAL OF THE FOLLOWING BUDGET ACTIONS WITHIN THE DEBT SERVICE AND INTERNAL SERVICE FUNDS.
|
Fund |
Group Insurance |
Transfer to Benefits Fund |
Change in Reserves |
Grand Total |
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22025 - 2021 Tourist Development Tax Revenue Bonds |
$0 |
$0 |
$478,957 |
$478,957 |
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23020 - 2018 Non-Ad Valorem Taxable Refunding Revenue Note [Civic Arena] |
$0 |
$0 |
$155,272 |
$155,272 |
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50015 - Risk Management Operating Fund |
$0 |
$53,530 |
$4,102,250 |
$4,155,780 |
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50020 - BSO Self Insurance |
$0 |
$0 |
$3,459,000 |
$3,459,000 |
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50030 - BSO Workers Compensation |
$0 |
$0 |
$3,471,000 |
$3,471,000 |
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50035 - Risk Management-Owner Control |
$0 |
$0 |
$683,000 |
$683,000 |
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50100 - Fleet Services |
$0 |
$70,380 |
$1,574,499 |
$1,644,879 |
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50200 - Office of Public Communications - Print Shop |
$17,800 |
$10,570 |
$152,203 |
$180,573 |
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Grand Total |
$17,800 |
$134,480 |
$14,076,181 |
$14,228,461 |
The preceding table reflects funds with a combination of adjustments either to a budgeted transfer to the Benefits Fund to reimburse for additional group insurance costs incurred in Fiscal Year 2025, an adjustment to the group insurance budget for costs occurring in Fiscal Year 2026, or an adjustment to reserves to true up the fund balance. If a fund has one or more of the items above, their adjustments will only be included in the table. When a fund has other items, the entire fund’s adjustments will be listed below individually by fund.
Debt Service
2007A LIBRARIES GENERAL OBLIGATION REFUNDING BONDS (21010) - $469 - Payments on this issuance were completed during Fiscal Year 2021. Fund balance is adjusted and a transfer to the General Capital Outlay Fund is budgeted to cover one-time capital expenditures.
2007B - 2012 PARKS-LAND PRESERVATION GENERAL OBLIGATION BONDS (21015) - $850,446 - Payments on this issuance were completed during Fiscal Year 2025. Fund balance is adjusted and a transfer to the General Capital Fund is budgeted to cover one-time capital expenditures.
2006B & 2016 CIVIC ARENA REFUNDING BONDS (22010) - $6,085,047 - Budgeted fund balance is adjusted and appropriations for reserves ($6,084,497) and other debt service costs are increased accordingly ($550).
2017A AND SERIES 2020 COURTHOUSE REFUNDING BONDS (22015) - $2,130,250 - Budgeted fund balance is adjusted ($21,812), the transfer from Courthouse Bond Capital Fund is increased ($2,108,438), and appropriations for reserves are increased accordingly.
Internal Service
HUMAN RESOURCES - EMPLOYEE BENEFITS FUND (50025) - $8,373,070 - Fund balance is adjusted <$1,307,000> and transfers from various funds are recognized ($9,680,070) to reimburse the Benefits Fund for additional group insurance costs incurred in Fiscal Year 2025. Funds are appropriated for employee group insurance costs occurring in Fiscal Year 2026 in this fund ($18,880), and reserves are increased to fulfill the 90-day County target ($8,354,190).
|
Fund |
Current FY26 Modified Budget |
Amended Amount |
Revised FY26 Budget |
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21010 - 2007A Libraries General Obligation Refunding Bonds |
$0 |
$469 |
$469 |
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21015 - 2007B - 2012 Parks-Land Preservation General Obligation Bonds |
$0 |
$850,446 |
$850,446 |
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22010 - 2006B & 2016 Civic Arena Refunding Bonds |
$1,425,000 |
$6,085,047 |
$7,510,047 |
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22015 - 2017A and Series 2020 Courthouse Refunding Bonds |
$21,872,559 |
$2,130,250 |
$24,002,809 |
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22025 - 2021 Tourist Development Tax Revenue Bonds |
$58,251,400 |
$478,957 |
$58,730,357 |
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23020 - 2018 Non-Ad Valorem Taxable Refunding Revenue Note [Civic Arena] |
$0 |
$155,272 |
$155,272 |
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50015 - Risk Management Operating Fund |
$102,540,730 |
$4,155,780 |
$106,696,510 |
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50020 - BSO Self Insurance |
$30,236,480 |
$3,459,000 |
$33,695,480 |
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50025 - Human Resources - Employee Benefits Fund |
$143,640,100 |
$8,373,070 |
$152,013,170 |
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50030 - BSO Workers Compensation |
$63,075,000 |
$3,471,000 |
$66,546,000 |
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50035 - Risk Management-Owner Control |
$0 |
$683,000 |
$683,000 |
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50100 - Fleet Services |
$18,097,331 |
$1,644,879 |
$19,742,210 |
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50200 - Office of Public Communications - Print Shop |
$2,263,410 |
$180,573 |
$2,443,983 |
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Grand Total |
$441,402,010 |
$31,667,743 |
$473,069,753 |
Source of Additional Information
Jennifer Steelman, Director, Office of Management and Budget, (954) 357-6226
Fiscal Impact
Fiscal Impact/Cost Summary
The fiscal impact is detailed above in the Summary Explanation/Background section of the agenda item.
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