Subject:
Title
Administrative Budget Amendment No. 4 to realign appropriations in the Fiscal Year 2024 Adopted Budget in the Solid Waste Revenue and Operating Fund.
label
Recommended Action:
Recommended Action
Approval and execution by the County Administrator of the Fiscal Year (FY) 2024 Administrative Budget Amendment No. 4 (Amendment) pursuant to Florida Statute Section 129.06(2)(b) and Pinellas County Resolution No. 04-62.
• Realign $300,000 within Solid Waste from Waste-to-Energy Operations to Solid Waste Business and Financial Services.
• Realignment is required to provide adequate funding in the transfer account for the interfund loan proposed in 24-0667A.
• This Amendment does not change the total appropriations for the Solid Waste Fund, it only realigns $300,000 within the Fund.Body
Strategic Plan:
Deliver First Class Services to the Public and Our Customers
5.2 Be responsible stewards of the public’s resources
5.3 Ensure effective and efficient delivery of County services and support
Summary:
The Amendment realigns $300,000 within Solid Waste from Waste-to-Energy Operations to Solid Waste Business and Financial Services. This realignment will provide adequate funding for the proposed interfund loan in 24-0667A.
Overall, this Amendment does not change the total appropriations for the Solid Waste Revenue and Operating Fund, it only realigns $300,000 within the Fund.
Background/Explanation:
In 2023, the Board of County Commissioners directed Solid waste to execute a loan from the Solid Waste Revenue and Operating Fund to the Lealman Solid Waste Collection and Disposal Fund to maintain fund solvency and adequate operating expense reserves and to supplement the FY24 Budget. This Amendment realigns $300,000 within Solid Waste from Waste-to-Energy Operations to Solid Waste Business and Financial Services to meet this directive by providing adequate funding for the proposed interfund loan in 24-0667A.
This Amendment does not change the total appropriations for the Solid Waste Revenue and Operating Fund, it only realigns $300,000 within the Fund. The proposed realignment is pursuant to Florida Statute Section 129.06(2)(b) and Pinellas County Resolution No. 04-62.
Fiscal Impact:
Realign $300,000 within Solid Waste Revenue and Operating Fund to provide adequate funding in the transfer account for the interfund loan proposed in 24-0667A.
This Amendment does not change the total appropriations for the Solid Waste Revenue and Operating Fund, it only realigns $300,000 within the Fund.
Delegated Authority:
Authority for the County Administrator to sign this Administrative Amendment is granted under Florida Statues. In accordance with Section 129.06, F.S., the Board of County Commissioners (Board) may establish procedures by which the designated Budget Officer may authorize certain budget amendments. The Board approved delegation of this authority to the County Administrator with Resolution No. 04-62 on April 13, 2004.
Staff Member Responsible:
Shane Kunze, Budget and Financial Management Analyst, Office of Management and Budget
Chris Rose, Office of Management and Budget Director
Partners:
N/A
Attachments:
FY24 Administrative Budget Amendment No. 4