Title:
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Approve the Seminole County proportionate share of the FY25-26 Central Florida Commuter Rail Commission final budget. Countywide. (Kristian Swenson, Assistant County Manager)
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Division:
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County Manager Office
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Authorized By:
Kristian Swenson, Assistant County Manager
Contact/Phone Number:
Lorie Bailey Brown/407-665-7176
Background:
On March 27, 2025, the Central Florida Commuter Rail Commission (“CFCRC”) approved the FY25-26 tentative budget in the amount of $73,728,598, contingent upon approval of the local funding partner’s governing boards. On April 22, 2025, the Seminole County Board of County Commissioners approved proposing an amendment to the CFCRC for FDOT to provide a revised tentative budget after their fiscal year concludes so any remaining fund balance can be applied to reduce the CFCRC FY25-26 tentative budget.
On April 24, 2025, at the CFCRC Board Meeting, CFCRC Chair Lockhart referenced the amendment submitted by Seminole County, questioned an additional $250,000 included in the proposed budget, and requested more information.
During the August 6, 2025, SunRail working group meeting, the Florida Department of Transportation staff presented an accounting of the FY25 encumbrances and anticipated use of unspent funds for operations and capital projects. This presentation indicated that no fund balance could be applied to the FY25-26 tentative budget; however, did acknowledge that the additional $250,000 self-insurance retention contribution included in the tentative budget could be removed as no portion of the $10M total previously contributed by the local government partners has been utilized.
As a result of this reduction, the CFCRC proposed final budget is reduced from the tentative budget amount of $73,728,598 to $73,478,598. Seminole County’s proportionate insurance share is reduced by $43,207, and $11,559,833 to $11,516,626.
Requested Action:
Staff requests Board approval of the Seminole County proportionate share of the FY25-26 CFCRC final budget in the amount of $11,516,626.