Broward County Commission Regular Meeting
Director's Name: Norman Foster
Department: Office of Management and Budget
Information
Requested Action
title
MOTION TO ADOPT supplemental budget Resolution within the Capital Outlay Funds in the amount of $12,427,443 to amend revenues and appropriations prior to the close of the Fiscal Year.
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Why Action is Necessary
Supplemental budgets 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 supplemental budget is to make year-end adjustments to facilitate the year-end closing process.
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 third supplemental budget 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 FUNDS.
GENERAL CAPITAL OUTLAY FUND (30205) - $375,000 -
Parks and Recreation Division - Reserves are reduced <$80,000> and funds are allocated for lead remediation at the Markham Park Target Range ($80,000).
Resilient Environment Department, Natural Resources - A transfer from the General Fund is recognized and appropriated to budget this study on greenhouse gas (GHG) emissions ($375,000) in this fund.
Public Works Department, Facilities Management Division - Funding for the Fire Station 106 Improvements project is reduced <$150,000> and appropriated to the Fire Station Improvements program ($150,000) for a roof replacement at Fire Station 106.
Public Works Department, Construction Management Division - A portion of the funding for the Main Library Exterior Refurbishing budget is reduced in the General Capital Outlay Fund <$701,601> and appropriated to reserves ($701,601). The amount reduced from the Main Library Exterior Refurbishing budget in General Capital Outlay is rebudgeted in the Libraries Bond Capital Fund to facilitate the use of the remaining Libraries Bond funds.
ECONOMIC DEVELOPMENT PROGRAM FUND (30240) - $12,052,442 - The transfer from the general fund is increased ($12,052,443) to appropriate these funds for film projects in this fund.
BEACH RENOURISHMENT CAPITAL FUND (35030) - $0 - Funding is transferred from the Segment III project <$9,086,440> and budget is increased in the Port Everglades Inlet Management Plan project ($6,586,440) and Segment II project ($2,500,000) to meet future project needs, along with addressing project cost increases.
LIBRARIES BOND CAPITAL FUND (35050) - $0 - To facilitate the use of remaining Libraries Bond funds, the budget for the Main Library Exterior Refurbishing project is increased in this fund ($701,601) and reserves <$228,240> and the budget for the Main Library Chiller Replacement project <$473,361> are decreased accordingly. The Main Library Exterior Refurbishing project’s appropriation in the General Capital Outlay Fund is reduced accordingly. Additionally, reserves are decreased <$1,870> and funding is appropriated for cost allocation expenses ($1,870).
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.