Subject:
Title
Amendment by resolution supplementing the Fiscal Year 2025 Budget realigning reserves and operating expenses and recognizing unanticipated revenue for Capital Projects and Pinellas County Sheriff’s Office; reduce Debt Service Payments and Transfer from Tourist Development Tax Fund in the Tourist Development Tax Debt Service Fund.
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Recommended Action:
Recommended Action
Approval of the amendment by resolution supplementing the Fiscal Year 2025 Budget realigning reserves and operating expenses and recognizing revenue for Capital Projects and Pinellas County Sheriff’s Office (PCSO). This amendment takes several steps to support four actions:
• Appropriates a total of $130,684,000 to beach renourishment ($85,971,000 of new funding from Tourist Development Taxes, $30,688,000 of existing funding in the Capital Improvements Fund, and $14,025,000 of new State grants for beach nourishment projects). The item has several steps of transfers, appropriations, and funding recognition to accomplish the total appropriation.
• Appropriates $916,800 to the Sheriff’s Operating and Capital budgets for the purchase of radios and water rescue craft (from General Fund Reserves).
• Transfers $600,000 from the existing Sheriff’s Hangar Project (currently budgeted in Construction and Property Management) to the Sheriff’s Operating Budget.
• Implements a housekeeping item to complete the defunding of the Ray’s Stadium Project (by reducing the Tourist Development Tax Debt Service Fund by $35,000,000 as begun in the budget amendment adopted at the May 06, 2025, BCC meeting).
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Strategic Priorities:
Resilient Infrastructure and Environment
1.4 Improve environmental quality
1.5 Strengthen resilience and adaptation
Healthy and Safe Communities
2.2 Enhance community safety
Summary:
Summary
Amendment by resolution supplementing the Fiscal Year 2025 Budget realigning reserves and recognizing revenue for Capital Projects and Pinellas County Sheriff’s Office.
Realign $85,971,000 in reserves to Transfer to Capital Projects in the Tourist Development Tax Fund and recognize unanticipated revenue from the Tourist Development Tax Fund from this transfer in the Capital Projects Fund.
Realign $30,668,000 in reserves from Capital Fund Reserves-Future Years-Tourist Development Beach Nourishment to beach nourishment Capital Improvement Program projects in the Capital Projects Fund.
Recognize $14,025,000 unanticipated revenue from State grants for beach nourishment projects in the Capital Projects Fund.
Appropriate $99,996,000 to beach nourishment Capital Improvement Program projects in the Capital Projects Fund.
Total funding of $130,684,000 appropriated for beach nourishment projects due to impacts of the 2024 hurricane season on the County’s beaches.
Realign $916,800 in reserves to Transfer to Sheriff Operating ($94,000) and Transfer to Sheriff Capital ($822,800) for Hurricane After Action items in the General Fund.
Realign $600,000 from Construction & Property Management to Pinellas County Sheriff’s operating for Furniture, Fixture, and Equipment for the PCSO hangar in the General Fund.
Reduce TDT Debt Service Fund by $35,000,000 to complete Res. 25-36 adopted by the Board of County Commissioners (BCC) during the May 06, 2025, BCC meeting.
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Background Information:
Amendment by resolution supplementing the Fiscal Year 2025 Budget realigning reserves and recognizing revenue for Capital Projects and Pinellas County Sheriff’s Office.
Realign $85,971,000 in reserves to Transfer to Capital Projects in the Tourist Development Tax Fund and recognize unanticipated revenue from the Tourist Development Tax Fund from this transfer in the Capital Projects Fund.
Realign $30,668,000 in reserves from Capital Fund Reserves-Future Years-Tourist Development Beach Nourishment to beach nourishment Capital Improvement Program projects in the Capital Projects Fund.
Recognize $14,025,000 unanticipated revenue from State grants for beach nourishment projects in the Capital Projects Fund.
Appropriate $99,996,000 to beach nourishment Capital Improvement Program projects in the Capital Projects Fund.
Total funding of $130,684,000 appropriated for beach nourishment projects due to impacts of the 2024 hurricane season on the County’s beaches. Beach nourishment construction originally scheduled for FY26 is needed ahead of schedule due to the impacts of Hurricane Milton and Hurricane Helene on Pinellas County beaches. The United States Army Corps of Engineers (USACE) has issued an emergency permit to Pinellas County that expires March 6th, 2026. Projects include Sand Key Beach (#001516A), Treasure Island Beach (#002573A), and Long Key - Upham Beach (#004487A).
In the General Fund, realign $916,800 in reserves to Transfer to Sheriff Operating ($94,000) and Transfer to Sheriff Capital ($822,800) for Hurricane After Action items identified by PCSO for radios, water rescue vehicles, and personal protective equipment.
Realign $600,000 from Construction & Property Management to Pinellas County Sheriff’s operating for Furniture, Fixture, and Equipment for the PCSO hangar in the General Fund.
Reduce TDT Debt Service Fund by $35,000,000 to complete Res. 25-36 adopted by the Board of County Commissioners (BCC) during the May 06, 2025, BCC meeting.
Fiscal Impact:
Reduce Tourist Development Tax Fund Reserves by $85,971,000 to transfer to the Capital Projects Fund for beach nourishment projects.
Reduce Capital Projects Fund Reserves for Future Years - TD Beach Nourishment by $30,668,000.
Increase Capital Projects Fund State Grant Revenue by $14,025,000.
Increase appropriations to beach nourishment Capital Improvement Program projects by $130,684,000.
Reduce General Fund reserves by $916,800 and appropriate to Transfer to Sheriff Operating ($94,000) and Transfer to Sheriff Capital ($822,800).
Reduce Construction & Property Management by $600,000 and increase Pinellas County Sheriff’s operating by $600,000 for Furniture, Fixture, and Equipment for the PCSO hangar in the General Fund.
Reduce TDT Debt Service Fund by $35,000,000 to complete Res. 25-36 adopted by the Board of County Commissioners (BCC) during the May 06, 2025, BCC meeting. This transfer was not completed due to the collapse of the agreement between Pinellas County, City of St. Petersburg, and the Tampa Bay Rays, so no fiscal impact will occur due to this amendment.
Staff Member Responsible:
Kristen Pittman, Budget and Financial Management Analyst, Office of Management & Budget
Jim Abernathy, Operating Budget Manager, Office of Management & Budget
Chris Rose, Director, Office of Management & Budget
Partners:
Pinellas County Public Works
Pinellas County Sheriff’s Office
Attachments:
Resolution
Resolution Backup
Notice of Public Hearing