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 Capital Outlay Funds in the amount of $11,949,340 to amend revenues and appropriations prior to the close of the Fiscal Year.
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Why Action is Necessary
Supplemental budgets are required whenever existing revenue sources are increased or decreased, resulting in a change in the total appropriations of a fund.
What Action Accomplishes
The primary purpose of this supplemental budget is to make year-end adjustments to facilitate the year-end closing process.
Is this Action Goal Related
No
Previous Action Taken
None
Summary Explanation/Background
Staff presents three supplemental budgets per year to the Board. The third supplemental budget is for the purpose of making year-end adjustments to various revenues and appropriations.
THE OFFICE OF MANAGEMENT AND BUDGET RECOMMENDS APPROVAL OF THE FOLLOWING YEAR-END ACTIONS WITHIN THE CAPITAL FUNDS.
ENIGNEERING CAPITAL OUTLAY FUND (30110) - $0 - Budget expenses are adjusted and transferred to the Traffic Control Devices and Equipment project ($375,000).
CONSTITUTIONAL GAS TAX CAPITAL FUND (30115) - $0 - Budget expenses are adjusted and transferred to the University Drive and Sheridan Street Intersection project ($100,000).
GENERAL CAPITAL OUTLAY FUND (30205) - $1,000,000 - The budgeted transfer from the General Fund is adjusted and appropriations are increased accordingly for the Data Center Buildout project ($1,000,000). The Health Clinic HVAC Renovation project is reduced <$1,469,000> and funds are transferred to the Health Department - Operations Building HVAC Renovation project ($1,469,000). The fund’s reserve for contingency <$1,700,000> and the Main Library Air Handler Unit Replacement <$303,500> are reduced and appropriations increased for the following projects: Northwest Family Success Center Roof Replacement ($260,000), Main Library Chiller Replacement ($1,050,000), the Facilities Improvement Program ($265,500), and the Art Space Settlement project ($428,000). Finally, funds are transferred from the Judicial Facilities Elevator Maintenance Program <$1,050,000> to the Judicial Complex North Wing Upgrades project ($1,050,000).
TOURIST DEVELOPMENT CAPITAL FUND (35040) - $10,949,340 - Budgeted transfers are adjusted and reserves are adjusted accordingly to support future capital projects programmed in Fiscal Year 2023.
BROWARD MUNICIPAL SERVICES DISTRICT CAPITAL FUND (35040) - $0 - The budgeted reserve is reduced and funds are transferred to increase the capital project for the BMSD Wireless Cameras ($300,000).
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.