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 within the Special Revenue Funds in the amount of $121,964,082 to adjust the fund balance and other budgeted revenues and appropriate funds to reserves and 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 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 2022 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. 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 SPECIAL REVENUE FUNDS.
BUILDING CODE SERVICES SPECIAL PURPOSE FUND (10020) - $1,626,768 - Budgeted fund balance is adjusted and additional funds are appropriated to reserve for rate stabilization ($1,261,738). A transfer from the Licensing, Elevator and Regulatory Fund is budgeted to pay for a portion of personnel costs associated with administration of both programs ($365,030).
TRANSIT FUND (10025) - $8,737,333 - Budgeted fund balance is adjusted, and additional funds are appropriated to reserve for future capital outlay ($5,628,343) and for increased fuel costs ($4,788,990). The re...
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