Share to Facebook Share to Twitter Bookmark and Share
File #: 22-453   
Status: Agenda Ready
In control: PUBLIC HEARING
On agenda: 5/10/2022 Final action:
Title: MOTION TO ADOPT supplemental budget Resolution within the Capital Funds in the amount of <$38,278,767> to adjust fund balance and other budgeted revenues and appropriate funds to reserves and other project commitments.
Attachments: 1. Exhibit 1 - FY22 2nd Supplemental - Capital Outlay
Date Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.
Broward County Commission Regular Meeting
Director's Name: Norman Foster
Department: Office of Management and Budget

Information
Requested Action
title
MOTION TO ADOPT supplemental budget Resolution within the Capital Funds in the amount of <$38,278,767> to adjust fund balance and other budgeted revenues and appropriate funds to reserves and other project commitments.

body
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 or for the creation of a new capital project over $25,000.

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. In general, additional fund balance is appropriated to reserves for allocation in the Recommended Fiscal Year 2023-2027 capital program.

THE OFFICE OF MANAGEMENT AND BUDGET RECOMMENDS APPROVAL OF THE FOLLOWING SUPPLEMENTAL BUDGET ACTIONS WITHIN THE CAPITAL FUNDS.

STREETS AND HIGHWAYS CAPITAL FUND (30105) - $400,000 - Budget fund balance is adjusted ($18,254), and additional one-time funds are transferred from the Constitutional Gas Tax fund ($381,746). Funds are appropriated for the drainage system cleanup at Pat Salerno Drive ($400,000).

ENGINEERING CAPITAL OUTLAY FUND (30110) - $2,916,504 - Budgeted fund balance is adjusted and the transfer...

Click here for full text