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 Enterprise Funds in the amount of $4,397,880 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 ENTERPRISE FUNDS.
FLL CAPITAL FUND (40350) - $37,880 - Funding is recognized and appropriated for the Master Plan Program Support project for costs associated with one County Attorney position for the remainder of Fiscal Year 2026 to support the development of the Airport’s Master Plan.
SOLID WASTE OPERATING FUND (47100) - $180,000 - Revenues from Monarch Hill Impact Fees are recognized and appropriated as a transfer to the Solid Waste Capital Fund (47200) for recycling education efforts in all Commission Districts to be utilized in coordination with the Solid Waste Authority of Broward County upon the Authority’s finalization of a recycling education program.
SOLID WASTE CAPITAL FUND (47200) - $180,000 - A transfer from the Solid Waste Operating Fund (47100) is recognized and appropriated for recycling education efforts in all Commission Districts to be utilized in coordination with the Solid Waste Authority of Broward County upon the Authority’s finalization of a recycling education program.
HOTEL DEBT SERVICE FUND (48300) - $2,000,000 - A transfer from the 2022 Convention Center Hotel CBA Bonds Fund (22030) is recognized, and funding is appropriated to the reserve for future debt service to facilitate the closing of the non-enterprise debt service fund in the future.
2022 CONVENTION CENTER HOTEL CBA BONDS FUND (22030) - $2,000,000 - Estimated interest earnings for Fiscal Year 2026 are budgeted, and a transfer to the Hotel Debt Service (48300) is appropriated accordingly to move the interest earnings collected in Fund 22030 to Fund 48300 in preparation for closing this fund.
|
Fund |
Current FY26 Modified Budget |
Amended Amount |
Revised FY26 Budget |
|
40350 - FLL Capital |
$472,565,658 |
$37,880 |
$472,603,538 |
|
47100 - Solid Waste Operating |
$84,340,164 |
$180,000 |
$84,520,164 |
|
47200 - Solid Waste Capital |
$8,153,617 |
$180,000 |
$8,333,617 |
|
48300 - Hotel Debt Service |
$55,803,392 |
$2,000,000 |
$57,803,392 |
|
22030 - 2022 Convention Center Hotel CBA Bonds |
$41,995,532 |
$2,000,000 |
$43,995,532 |
|
Grand Total |
$662,858,363 |
$4,397,880 |
$667,256,243 |
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.