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 Enterprise Funds in the amount of $212,397,255 to adjust the fund balance and other budgeted revenues and to 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 ENTERPRISE FUNDS.
FLL OPERATING FUND (40100) - $95,931,160 - Budgeted fund balance is adjusted and a transfer from the Aviation Hurricane fund is budgeted. In addition, south runway maintenance is budgeted ($200,000), $500,000 is budgeted to account for increased ramp traffic, $1,200,000 is budgeted for associated shuttle increases needed due to accommodate increased passenger traffic, and the remainder is appropriated to reserves.
HWO OPERATING FUND (40200) - <$49,700> - Budgeted fund balance is adjusted and <$124,100> is transferred from reserves to budget transfers to the Aviation Pas...
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