Broward County Commission Regular Meeting
Director's Name: Norman Foster
Department: Office of Management and Budget
Information
Requested Action
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A. MOTION TO ADOPT supplemental budget Resolution Nos. 2021-231 - 2021-235 within the Debt Service Funds in the amount of <$2,190,035> primarily to adjust fund balances and to appropriate funds to reserves.
(Item Numbers 31, 32, 33, 34 and 35 were heard and voted on concurrently.)
ACTION: (T-3:54 PM) Approved. (Refer to minutes for full discussion.)
VOTE: 9-0.
B. MOTION TO ADOPT supplemental budget Resolution Nos. 2021-236 - 2021-242 within the Internal Service Funds in the amount of $17,832,938 primarily to adjust fund balances and other budgeted revenues and to appropriate funds to reserves and other commitments.
(Item Numbers 31, 32, 33, 34 and 35 were heard and voted on concurrently.)
ACTION: (T-3:54 PM) Approved. (Refer to minutes for full discussion.)
VOTE: 9-0.
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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 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 2021 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 reconcile the fund balances. In general, additional fund balance is appropriated to the reserve or debt service/other commitments.
THE OFFICE OF MANAGEMENT AND BUDGET RECOMMENDS APPROVAL OF THE FOLLOWING SUPPLEMENTAL BUDGET ACTIONS WITHIN THE DEBT SERVICE AND INTERNAL SERVICE FUNDS.
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