Broward County Commission Regular Meeting
Director's Name: Norman Foster
Department: Office of Management and Budget
Information
Requested Action
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MOTION TO ADOPT supplemental budget Resolution No. 2020-132 within the General Fund in the amount of $36,821,120 to adjust the fund balance and other budgeted revenues and to appropriate funds for other commitments.
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Why Action is Necessary
Supplemental budgets are required whenever existing revenue sources are increased or decreased, resulting in a change to the total appropriations of a fund.
What Action Accomplishes
The primary purpose of this supplemental budget is to adjust the budgeted fund balance in order to correspond to the audited fund balance. This budget amendment also includes a number of proposed appropriations to address issues that have arisen since the adoption of the Fiscal Year 2020 budget.
Is this Action Goal Related
No
Previous Action Taken
None
Summary Explanation/Background
Staff presents three supplemental budgets per year to the Board. The purpose of the second supplemental budget is primarily to adjust the budgeted fund balance to correspond to the audited amount. 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 SUPPLEMENTAL BUDGET ACTIONS WITHIN THE GENERAL FUND.
The audited fund balance for the General Fund is approximately $36.3 million above the currently budgeted amount. Other revenue adjustments are a transfer of $105,200 from the Consolidated Dispatch Fund from interest earned in that fund during Fiscal Year 2019 and a transfer of $130,450 from the Mosquito Control State Fund to move the revenue to where it was spent during Fiscal Year 2019. A total of approximately $32.4 million is transferred to the General Capital Outlay Fund, primarily to be reserved for future capital appropriations in the Fiscal Year 2021-Fiscal ...
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