Subject:
Title
Administrative Budget Amendment No. 5 to realign appropriations in the Fiscal Year 2024 Adopted Budget in the General Fund.
label
Recommended Action:
Recommended Action
Approval and execution by the County Administrator of the Fiscal Year (FY) 2024 Administrative Budget Amendment No. 5 (Amendment) pursuant to Florida Statute Section 129.06(2)(b) and Pinellas County Resolution No. 04-62.
• Realign $130,000.00 within the General Fund from the Business Retention, Expansion, and Attraction Program to the Small Business Assistance Program.
• Realignment is required to provide adequate funding for Personnel Services.
• This Amendment does not change the total appropriations for the General Fund, it only realigns $130,000.00 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 $130,000 within the General Fund from Business Retention, Expansion, and Attraction Program to the Small Business Assistance Program. This amendment is requested to adjust the allocation of personnel attrition (lapse) which was placed under one budgetary control, instead of being distributed across the entire Department. This amendment will ensure the Department remains within budgetary control.
Overall, this Amendment does not change the total appropriations for the General Fund, it only realigns $130,000 within the Fund.
Background/Explanation:
The Amendment realigns $130,000 within the General Fund from Business Retention, Expansion, and Attraction Program to the Small Business Assistance Program. This amendment is requested to adjust the allocation of personnel attrition (lapse) which was placed under one budgetary control, instead of being distributed across the entire Department. The Department is currently at risk of budgetary control and this amendment will ensure the Department remains within budgetary control.
Overall, this Amendment does not change the total appropriations for the General Fund, it only realigns $130,000 within the Fund.
Fiscal Impact:
Realign $130,000 within the General Fund from Business Retention, Expansion, and Attraction Program to the Small Business Assistance Program
This Amendment does not change the total appropriations for the General Fund, it only realigns $130,000 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, Director, Office of Management and Budget
Partners:
N/A
Attachments:
FY24 Administrative Budget Amendment No. 5