Title:
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Approve and authorize the Chairman to execute a Resolution implementing Budget Amendment Request (BAR) #23-072 in various County Funds in the amount of $3,950,315.42 to amend the Fiscal Year 2022/23 budget to appropriate Opioid Settlement revenues; increase transfer to the Article V Fund; and transfer from MSBU Street Lighting reserves for increased utility costs. Countywide (Timothy Jecks, Budget Director)
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Division:
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Resource Management - Budget
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Authorized By:
Timothy Jecks, Budget Director
Contact/Phone Number:
Timothy Jecks, Budget Director/407-665-7181
Background:
The following amendments are required to facilitate the FY 2022/23 year-end closeout process. The BAR includes the following adjustments:
Opioid Settlement:
The County received $3.9M in unbudgeted revenues from the Opioid Settlement in FY23. We are projected to receive $1M to $2M per year for 18 years from this settlement.
Article V Court Technology Transfer Adjustment:
Increase the appropriated interfund transfer $150,000 from the General Fund to the Article V Court Technology Fund due to decreasing revenues in the fund. The amended revenue budget will include $586K in Article V fees and $369K in General Fund transfer.
Mikler Rd - Hurricane Ian
The headwall along Mikler Rd was damaged during Hurricane Ian due to a washout behind the wall. This project was completed for a total of $11,713 in the County Transportation Trust Fund. These costs are being appropriated in the General Fund in anticipation of FEMA reimbursement.
MSBU Street Lighting
Transfer $100K from Street Lighting reserves to cover rate and cost increases related to electricity.
recommendation
Staff Recommendation:
Staff recommends the Board approve and authorize the Chairman to execute a Resolution implementing Budget Amendment Request (BAR) #23-072 in various County Funds in the amount of $3,950,315.42 to amend the Fiscal Year 2022/23 budget to appropriate Opioid Settlement revenues; increase the transfer to the Article V Fund; and transfer from MSBU Street Lighting reserves for increased utility costs.