Broward County Commission Regular Meeting
Director's Name: Jennifer Steelman
Department: Office of Management and Budget
Information
Requested Action
title
MOTION TO ADOPT budget Resolutions within the Capital Outlay Funds in the amount of $35,332,138 to amend revenues and appropriations prior to the close of the Fiscal Year.
body
Why Action is Necessary
Budget amendments 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 budget amendment is to make year-end adjustments to facilitate the year-end closing process.
Goal Related Icon(s)
N/A County Commission
N/A Go Green
N/A MAP Broward
Previous Action Taken
None
Summary Explanation/Background
Staff presents three budget amendments per year to the Board. The third budget amendment 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 CAPITAL OUTLAY FUNDS.
ENGINEERING CAPITAL FUND (30110) - $0 - The appropriation for the Public Works Facility Improvement project is reduced <$430,234> and funding is transferred to the Highway Bridge Facility Expansion project ($430,234) to consolidate funding for ongoing facility improvement projects at the Highway and Bridge Maintenance Division Administration facility.
GENERAL CAPITAL OUTLAY FUND (30205) - $20,000,000 - The transfer from the General Fund (10010) is increased, and funding is appropriated for Future Facility Needs including the potential purchase of property ($20,000,000). Reserves are reduced <$95,573,054> and the appropriations for the Emergency Operations and Communications Center project ($70,102,281), the Government Center East Replacement project ($21,583,688), and the Radio Tower Generator Replacement project ($200,000) are increased to provide additional one-time pay-as-you-go funding. Additionally, funding is appropriated as the cash match for a state grant for the Markham Park Target Range Improvements project ($687,085) and for water park improvements at Central Broward Regional Park ($3,000,000).
TOURIST DEVELOPMENT CAPITAL FUND (35020) - $15,332,138 - Additional revenue from Arena Participation funds is recognized, and one-time pay-as-you go funding is appropriated to the new Convention Center Parking Garage project ($5,332,138). Additionally, funding from the revolving line of credit is recognized and appropriated for capital projects at the Broward County Civic Arena ($10,000,000).
|
Fund |
Current FY26 Modified Budget |
Amended Amount |
Revised FY26 Budget |
|
30110 - Engineering Capital |
$149,917,686 |
$0 |
$149,917,686 |
|
30205 - General Capital Outlay |
$1,314,754,425 |
$20,000,000 |
$1,334,754,425 |
|
35020 - Tourist Development Capital |
$292,226,477 |
$15,332,138 |
$307,558,615 |
|
Grand Total |
$1,756,898,588 |
$35,332,138 |
$1,792,230,726 |
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.