Title:
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FY 2025/26 Grant and Project Carryforward Budget Amendment Resolution - Approve and authorize the Chairman to execute a Resolution implementing Budget Amendment Request (BAR) #26-008 in the amount of $516,686,432 to carryforward available balances for existing projects, grants, associated revenues, and assigned FY2025/26 Beginning Fund Balances. Countywide (Timothy Jecks, Management and Budget Director)
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Division:
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Management and Budget
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Authorized By:
Timothy Jecks, Management & Budget Director
Contact/Phone Number:
Sara Carrick/407-665-7180
Background:
It is County policy to fully fund projects and grants based on the completion of a scope or contract, which may cross over multiple fiscal years. This requires that the available year-end project balances and assigned fund balances be re-budgeted in the new year to allow for work to continue. In FY25, there was a total of 835 grant and project-related budgets approved by the Board, of which 273 were completed and 562 are active and being carried forward. A total of $94M is being carried forward related to Grants and Contractual Revenues; $386M is being carried forward for Capital Projects, Fleet, Facilities, Technology, and Equipment; and $36.4M is being returned to Countywide Reserves. See attached reports for more details.
GRANT CARRYFORWARD:
The FY26 amended budget includes 139 grants totaling $94M within various county grant and other restricted funds.
PROJECT CARRYFORWARD:
Infrastructure Sales Tax Program ($101.6M)
The FY26 Carryforward Amendment includes 168 projects totaling $101.6M within the County Infrastructure Sales Tax Funds. Significant projects being carried forward include $21M for New Oxford Rd Widening and $9.3M for Midway Drainage Improvements.
Enterprise Funds Projects ($108.5M)
The FY26 Carryforward Amendment includes 190 projects totaling $108.5M in Water & Sewer Utility, Solid Waste and Wekiva Golf Course Funds. Significant projects being carried forward include $8.9M for Iron Bridge WW Agreement; $6.4M for Pump Station Upgrades; $4.4M for Greenwood Lakes; $3.7M for Utilities System Optimization Project.
Five Points Development Bond Fund ($100.5M)
The FY26 Carryforward Amendment includes $100.5 in bond funds for issued for the CJC renovation phase of the Five Points Development.
Fire Department Projects ($42M)
The FY26 Carryforward Budget includes 82 projects totaling $43.1M. Major projects include $9.4M for Fire Station 23 relocation; $7.6M for Fire Station 25 servicing Casselberry, and $5.5M for Fire Station 42 renovation for Geneva.
Other Project Funds ($32.2M)
The FY26 Carryforward Budget includes $32.2M in restricted funded projects in the Building Fund, E-911 Fund, MSBUs, Attainable Housing Trust Fund, Facilities Fund, and Self Insurance Funds.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute a Resolution implementing Budget Amendment Request (BAR) #26-008 in the amount of $516,686,432 to carryforward available balances for existing projects, grants, associated revenues, and restricted FY2025/26 Beginning Fund Balances