Title:
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Approve and authorize the Chairman to execute a Resolution implementing Budget Amendment Request (BAR) #24-077 in various County Funds in the amount of $9,746,362.23 for the Fiscal Year 2023/24 year-end budget adjustments. Countywide (Timothy Jecks, Management & 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:
Timothy Jecks/407-665-7181
Background:
Per Florida Statute requirements, the final budget amendment should be approved within 60 days of the end of the fiscal year. The attached BAR totals $9.7M, of which $8.3M is related to interfund transfers. See attached report for more details of all revenues and expenditures being amended.
Significant adjustments include transfers to new Special Revenue Funds in the amount of $4M of Opioid Settlement funds and $2M of Attainable Housing Trust funds collected in prior years, which are being transferred with proper accounting and tracking. An additional $1.6M is being transferred for General Government Services related to the ARPA Grant. None of these transfers has any net effect on the amounts appropriated for those services.
The BAR includes $1.3M in grant or interlocal agreement revenues to be recognized in FY24. There is a budget increase of $457K to related to Countywide utilities (electricity), representing an 11% increase over the adopted budget.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute a Resolution implementing Budget Amendment Request (BAR) #24-077 in various County Funds in the amount of $9,746,362.23 for the Fiscal Year 2023/24 year-end budget adjustments.