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 $178,370,229 primarily to adjust the 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. 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 BUDGET ACTIONS WITHIN THE ENTERPRISE FUNDS.
|
Fund |
Group Insurance |
Transfer to Benefits Fund |
Change in Reserves |
Grand Total |
|
40300 - Aviation Bonds |
$0 |
$0 |
<$60,688,950> |
<$60,688,950> |
|
47100 - Solid Waste Operating |
$0 |
$55,740 |
$941,644 |
$997,384 |
|
Grand Total |
$0 |
$55,740 |
<$59,747,306> |
<$59,691,566> |
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.
FLL OPERATING FUND (40100) - $50,822,760 - Budgeted fund balance is adjusted and funds are appropriated for a transfer to the Human Resources Employee Benefits Fund to reimburse for additional group insurance costs incurred in Fiscal Year 2025 ($836,460), a transfer to the FLL Capital Fund to support the IT Renewal and Replacement project ($1,300,000), and reserves are adjusted accordingly ($48,686,300).
HWO OPERATING FUND (40200) - <$72,480> - Budgeted fund balance is reduced and funds are appropriated for environmental & safety assessments including lead emission screening at North Perry Airport ($700,000) and for a transfer to the Human Resources Employee Benefits Fund to reimburse for additional group insurance costs incurred in Fiscal Year 2025 ($14,320). Reserves are decreased accordingly <$786,800>.
FLL CAPITAL FUND (40350) - $38,379,558 - Funding is transferred from the FLL Operating Fund to support the IT Renewal and Replacement project ($1,300,000). Transfers are budgeted, and funding is appropriated from the PFC Capital Fund and the Transportation Surtax Fund to support the Automated People Mover (APM) Project ($37,079,558).
PFC CAPITAL FUND (40450) - $0 - A transfer to the FLL Capital Fund is budgeted to support the Automated People Mover Project ($27,617,500). The Automated People Mover Project in the PFC Capital Fund is reduced accordingly <$27,617,500>.
DISASTER RECOVERY FOR AVIATION FUND (40600) - $2,340,670 - Budgeted fund balance is adjusted, and funds are appropriated for the completion of the North Runway Flood Damage (West) project ($178,130), the North Runway EMAS Replacement (East) project ($789,650), and the FEMA Security Booths Replacement project ($1,372,890).
PORT EVERGLADES OPERATING FUND (42100) - $34,452,081 - Budgeted fund balance is adjusted, and appropriations for shuttle services ($300,000), transfer to the Human Resources Employee Benefits Fund to reimburse for additional group insurance costs incurred in Fiscal Year 2025 ($386,370), and the reserve for emergency and cash flow ($33,765,711) are increased accordingly.
PORT EVERGLADES CAPITAL FUND (42250) - $51,561,617 - Budgeted fund balance is adjusted, and appropriations for improvements to Cruise Terminal 18 ($6,000,000) and the reserve for future capital outlay are increased accordingly ($45,561,617).
WATER AND WASTEWATER OPERATING FUND (44100) - $13,347,720 - Budgeted fund balance is adjusted, and appropriations for principal payments ($698,000), bond issuance costs ($601,400), a transfer to the Human Resources Employee Benefits Fund to reimburse for additional group insurance costs incurred in Fiscal Year 2025 ($588,380), and an increase in the transfer to Water and Wastewater Capital ($11,459,940) are adjusted accordingly.
WATER AND WASTEWATER CAPITAL FUND (44250) - $0 - The transfer from Water and Wastewater Operating is increased ($11,459,940), budgeted fund balance is adjusted ($8,205,230), and bond proceed revenues are modified accordingly <$19,665,170>.
SOLID WASTE CAPITAL FUND (47200) - $246,785 - Budgeted fund balance is adjusted, and funding is appropriated for additional design costs for the North Residential Drop Off facility improvements project ($91,785) and a Thermal Sensing Camera project at the Broward County Landfill ($155,000).
HOTEL ENTERPRISE OPERATING FUND (48100) - $0 - The appropriations for personnel services, operating expenses, and reserves are reduced <$4,152,020> to align the Hotel Enterprise Operating Fund budget to reflect approximately nine months of operations. The transfer to the Hotel Debt Service Fund is increased accordingly for future interest and principal payments ($4,152,020).
HOTEL DEBT SERVICE FUND (48300) - $4,987,552 - A transfer from the 2022 Convention Center Hotel Revenue Bonds Fund is recognized ($41,995,532) and budgeted fund balance is reduced <$41,160,000>. Additional funding is appropriated to reserves ($835,532). In addition, a transfer from the Hotel Enterprise Operating Fund is recognized and appropriated to the reserve for future debt service payments ($4,152,020).
2022 CONVENTION CENTER HOTEL CBA BONDS FUND (22030) - $41,995,532 - Fund balance is budgeted, and a transfer to the Hotel Debt Service Fund (48300) is appropriated accordingly to move the cash balance remaining in Fund 22030 to Fund 48300.
|
Fund |
Current FY26 Modified Budget |
Amended Amount |
Revised FY26 Budget |
|
40100 - Fort Lauderdale-Hollywood Intl. Airport (FLL) Operating |
$612,965,850 |
$50,822,760 |
$663,788,610 |
|
40200 - North Perry Airport (HWO) Operating |
$6,214,520 |
<$72,480> |
$6,142,040 |
|
40300 - Aviation Bonds |
$430,617,100 |
<$60,688,950> |
$369,928,150 |
|
40350 - FLL Capital |
$434,186,100 |
$38,379,558 |
$472,565,658 |
|
40450 - PFC Capital |
$99,695,600 |
$0 |
$99,695,600 |
|
40600 - Disaster Recovery for Aviation Fund |
$0 |
$2,340,670 |
$2,340,670 |
|
42100 - Port Everglades Operating Fund |
$409,030,390 |
$34,452,081 |
$443,482,471 |
|
42250 - Port Everglades Capital |
$695,249,919 |
$51,561,617 |
$746,811,536 |
|
44100 - Water and Wastewater Operating |
$325,023,739 |
$13,347,720 |
$338,371,459 |
|
44250 - Water And Wastewater Capital |
$659,748,523 |
$0 |
$659,748,523 |
|
47100 - Solid Waste Operating |
$83,342,780 |
$997,384 |
$84,340,164 |
|
47200 - Solid Waste Capital Fund |
$7,906,832 |
$246,785 |
$8,153,617 |
|
48100 - Hotel Enterprise Operating Fund |
$99,645,020 |
$0 |
$99,645,020 |
|
48300 - Hotel Debt Service Fund |
$50,815,840 |
$4,987,552 |
$55,803,392 |
|
22030 - 2022 Convention Center Hotel CBA Bonds |
$0 |
$41,995,532 |
$41,995,532 |
|
Grand Total |
$3,914,442,213 |
$178,370,229 |
$4,092,812,442 |
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.