Broward County Commission Regular Meeting
Director's Name: Norman Foster
Department: Office of Management and Budget
Information
Requested Action
title
A. MOTION TO ADOPT supplemental budget Resolution Nos. 2020-210 through 2020-219 within the Enterprise Funds in the amount of <$112,608,138> to adjust the fund balance and other budgeted revenues and to appropriate funds for other commitments.
(Item Numbers 20, 21, 22, 23, 24 and 25 were taken up and voted on together.)
ACTION: (T-11:45 AM) Approved. (Refer to minutes for full discussion.)
VOTE: 9-0. Commissioners Bogen, Fisher, Rich and Vice-Mayor Geller voted in the affirmative telephonically.
B. MOTION TO ADOPT supplemental budget Resolution No. 2020-220 within the Disaster Recovery for Port Everglades Fund in the amount of $893,724 to offset expenditures that occurred in a previous Fiscal Year.
(Item Numbers 20, 21, 22, 23, 24 and 25 were taken up and voted on together.)
ACTION: (T-11:45 AM) Approved. (Refer to minutes for full discussion.)
VOTE: 9-0. Commissioners Bogen, Fisher, Rich and Vice-Mayor Geller voted in the affirmative telephonically.
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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 appropriation 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 for 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 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 amounts. 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 ENTERPRISE FUNDS.
FLL OPERATING FUND (40100) - <$19,285,550> - Budgeted fund balance is adjusted and a reduction is made in the maintenance section budget for work anticipated to be completed out of the North Perry Operating Fund <$259,788> and the remainder of the adjustment is made to the reserve <$19,025,762>.
HWO OPERATING FUND (40200) - $243,440 - Budgeted fund balance is adjusted, and additional funds are appropriated for maintenance expenses to be completed in this fund ($259,788), and reserves are reduced by <$16,348>.
AVIATION REVENUE BOND FUND (40300) - <$42,525,850> - Budgeted fund balance is adjusted, and reserves are reduced accordingly.
PORT EVERGLADES OPERATING FUND (42100) - $23,310,854 - Budgeted fund balance is adjusted and a transfer to the Port Everglades Disaster fund is budgeted ($893,724) to offset expenditures that happened in Fiscal Year 2019. The remainder is budgeted in reserves ($22,471,130).
PORT EVERGLADES CAPITAL FUND (42250) - $25,759,708 - Budgeted fund balance is adjusted and budgeted for cost increase in the Port Wayfinding project ($691,905) with the remainder in reserves ($25,067,803)
DISASTER RECOVERY FOR PORT EVERGLADES (42600) - $0 - Budgeted fund balance is adjusted <$893,724> and a transfer from the Port Everglades Operating Fund is budgeted ($893,724) to cover the deficit.
WATER AND WASTEWATER OPERATING FUND (44100) - <$80,338,420> - Budgeted fund balance is adjusted, and additional costs for fleet services are budgeted ($113,000). Reserves <$76,507,610> and the transfer to the Water and Wastewater Capital fund <$3,943,810> are reduced accordingly. Due to the timing of the bond proceeds issued in Fiscal Year 2020, the forecasted expenses in Fiscal Year 2019 were exceeded in order to keep capital projects on schedule. As a result of the timing of these actions, the Fiscal Year 2020 estimated fund balance was calculated without the additional Fiscal Year 2019 expenses, thus requiring the current adjustment to budgeted fund balance.
WATER AND WASTEWATER CAPITAL FUND (44250) - <$22,135,580> Budgeted fund balance and the transfer from the Water and Wastewater Operating Fund is adjusted, and a cost increase related to the Generic Inflow & Infiltration Reduction project is budgeted ($1,147,350). The North Regional Wastewater Treatment Plant Facilities Improvement project budget is reduced accordingly <$23,282,930>, which will be reappropriated in the Fiscal Years 2021-2025 Capital Program.
WATER MANAGEMENT FUND (44700) - $52,900 - Budgeted fund balance is adjusted, and the additional funds are appropriated to reserves.
SOLID WASTE FUND (47100) - $2,228,360 - Budgeted fund balance is adjusted and appropriated for the replacement of computer hardware ($3,500), land improvements at the Central Residential Drop-Off Center ($7,900), building improvements for the administration and scale house buildings at the Broward County Landfill ($45,000), cost increases for landfill equipment ($45,000), anticipated contract increases for grounds maintenance at the Landfill ($90,000), anticipated contract increases for bulk waste and yard waste disposal ($39,000), engineering costs related to the replacement of the Landfill’s emergency generator ($15,000), and additional funds are appropriated to the reserve for Solid Waste Programs ($1,982,960).
BROWARD MUNICIPAL SERVICES DISTRICT AREA WASTE COLLECTION FUND (47150) - $82,000 - Budgeted fund balance is adjusted, and funds are transferred from reserves <$191,200> and appropriated for anticipated waste disposal and recycling contract increases ($273,200) in Fiscal Year 2020.
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.