Broward County Commission Regular Meeting
Director's Name: Jennifer Steelman
Department: Office of Management and Budget
Information
Requested Action
title
A. MOTION TO ADOPT budget Resolutions within the Debt Service Funds in the amount of $9,700,441, primarily to adjust fund balances and other budgeted revenues and to appropriate funds to reserves and other commitments.
B. MOTION TO ADOPT budget Resolutions within the Internal Service Funds in the amount of $21,967,302, primarily to adjust 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. In general, additional fund balance is appropriated to reserve, debt service, or other commitments.
THE OFFICE OF MANAGEMENT AND BUDGET RECOMMENDS APPROVAL OF THE FOLLOWING BUDGET ACTIONS WITHIN THE DEBT SERVICE AND INTERNAL SERVICE FUNDS.
Fund
Group Insurance
Transfer to Benefits Fund
Change in Reserves
Grand Total
22025 - 2021 Tourist Development Tax Revenue Bonds
$0
$0
$478,957
$478,957
23020 - 2018 Non-Ad Valorem Taxable Refunding Revenue Note [Civic Arena]
$0
$0
$155,272
$155,272
50015 - Risk Management Operating Fund
$0
$53,530
$4,102,250
$4,155,780
...
Click here for full text