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 of the agreement and for increased contractual staff ($600,000), and additional funds are appropriated for runway stormwater pipe cleaning ($600,000). Additionally, Professional Services for project management services are reduced <$150,000>, and the transfer to the General Fund is increased to support the Human Services Homeless Program, bringing the Homeless Program allocation to $500,000 in FY25 ($150,000). Additional funds are appropriated for the continuation of the South Runway repairs not completed in Fiscal Year 2024, including funds for additional emergency repairs ($1,390,000). Lastly, additional funds are appropriated to cover the remaining portion of the FY25 Keolis lease payment to the County’s General Fund ($325,000).
HWO OPERATING FUND (40200) - $333,570 - Budgeted fund balance is adjusted, and reserves are increased accordingly.
AVIATION BOND FUND (40300) - $7,084,710 - Budgeted fund balance is adjusted, and reserves are increased accordingly ($718,710). Additionally, the transfer from the FLL Operating Fund is increased, and funds are appropriated for an arbitrage yield liability payment made to the IRS in January of 2025 ($6,366,000).
FLL CAPITAL FUND (40350) - <$2,705,000> - Funding is transferred from the FLL Operating Fund to support the Terminal 1 Baggage Handling System Device Net migration project ($95,000). Net budgeted revenue from future bonds issued is reduced, and the following project appropriations are adjusted accordingly: the Facilities Rehab and Renovation project ($2,500,000); the Rehabilitation of the Rental Car Center, Hibiscus & Palm Garages project <$1,000,000>; the Terminal Connectors T3 to T2 project <$2,800,000>; and the Long-Term Infrastructure Equipment project <$1,500,000>. Lastly, reserves are reduced <$311,750>, and the transfer to the Aviation Disaster Recovery Fund is increased accordingly ($311,750).
PFC CAPITAL FUND (40450) - <$95,000> - Budgeted revenue from Passenger Facility Charges is reduced, and the appropriation for the Terminal 1 Baggage Handling System Device Net Migration project is reduced accordingly. This appropriation will be made in the FLL Capital Fund.
DISASTER RECOVERY FOR AVIATION FUND (40600) - $8,928,040 - Budgeted fund balance is adjusted, along with a transfer from the FLL Capital Fund that is budgeted for the North Runway Flood Damage (West) project ($296,270), the North Runway EMAS Replacement (East) project ($7,981,770), and the FEMA Security Booths Replacement project ($650,000).
PORT EVERGLADES OPERATING FUND (42100) - $26,622,366 - Budgeted fund balance is adjusted, and appropriations for repairs of static electric signs ($200,000), the purchase of fenders ($760,000), Sky Harbor Beach cleaning ($20,000), and the reserve for emergency and cash flow ($25,642,366) are increased accordingly.
PORT EVERGLADES CAPITAL FUND (42250) - $6,812,110 - Budgeted fund balance is adjusted, and appropriations to support a change order for the Wayfinding Signage project ($7,600) and the reserve for future capital outlay is increased accordingly ($6,804,510).
WATER AND WASTEWATER OPERATING FUND (44100) - <$39,195,580> - Budgeted fund balance is adjusted, and reserves <$27,735,640> and the transfer to the Water and Wastewater Capital Fund <$11,459,940> are reduced accordingly.
WATER AND WASTEWATER CAPITAL FUND (44250) - <$11,459,940> - The transfer from the Water and Wastewater Operating Fund is adjusted, and appropriations for the Switchgear Replacements project are reduced accordingly.
SOLID WASTE OPERATING FUND (47100) - <$219,305> - Budgeted fund balance is adjusted, and reserves are decreased accordingly.
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.