Broward County Commission Regular Meeting
Director's Name: Norman Foster
Department: Office of Management and Budget
Information
Requested Action
title
A. MOTION TO ADOPT budget Resolutions within the Internal Service Funds in the amount of $69,347 to amend revenues and appropriations prior to the close of the Fiscal Year.
B. MOTION TO ADOPT budget Resolution within the Debt Service Funds in the amount of $4,681 to amend revenues and appropriations prior to the close of the Fiscal Year.
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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)
?County Commission
?Go Green
?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 INTERNAL SERVICE AND DEBT SERVICE FUNDS.
Fund
Transfer to General Fund
Adjustment to Reserves
Grand Total
50100 - Fleet Services Fund
107,668
(107,668)
-
50200 - Print Shop Fund
14,590
(14,590)
-
Grand Total
122,258
(122,258)
-
The preceding table reflects funds with a budgeted adjustment to reserve to fund a transfer to the General Fund to reimburse for additional group insurance costs incurred in Fiscal Year 2024.
Internal Services
RISK MANAGEMENT FUND (50015) - $69,347 - Additional accrued interest earnings are budgeted to fund a transfer to General Fund to reimburse for additional group insurance costs incurred in Fiscal Year 2024.
EMPLOYEE BENEFITS FUND (50025) - $0 - An adjustment is budgeted to fund a transfer to General Fund to rei...
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