Subject:
Title
Resolution supplementing the Fiscal Year 2017 Fire Districts Fund Budget for unanticipated fund balance in the Fire Districts Fund for the Tarpon Springs Fire District Budget.
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Recommended Action:
Recommended Action
Adopt the resolution to appropriate unanticipated fund balance in the Fiscal Year 2017 (FY17) Fire Districts Fund Budget for the Tarpon Springs Fire District.
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Strategic Plan:
Ensure Public Health, Safety, and Welfare
2.1 Provide planning, coordination, prevention, and protective services to ensure a safe and secure community
Foster Continual Economic Growth and Vitality
4.4 Invest in infrastructure to meet current and future needs
Deliver First Class Services to the Public and Our Customers
5.1 Maximize partner relationships and public outreach
5.2 Be responsible stewards of the public’s resources
Summary:
The attached resolution is processed as a public hearing item in accordance with Section 129.06(2)(f), F.S. Notice of this public hearing was published in the Tampa Bay Times on September 11, 2017. This resolution recognizes unanticipated FY17 beginning fund balance of $264,800.00 within the Fire Districts Fund and increases the appropriation in the Tarpon Springs Fire District budget accordingly. The appropriation is for the County’s unincorporated percentage share of Fire Station 71 construction costs.
Background Information:
The unanticipated balance in the Fire Districts Fund, Tarpon Springs Fire District, includes funds that were earmarked in the FY16 budget appropriation for planned payment of the County’s share of reconstructing Fire Station 71. The original project cost was estimated in FY14 at $2.0M. In FY16 prior to bidding the contract, the project estimate was increased to $2.5M with the County’s share at $249,750.00 based on a 9.99% unincorporated percentage split. The station was not completed by September 30, 2016; therefore, the FY16 appropriation of $249,750.00 lapsed into fund balance.
The construction bids for the station came in higher than projected, and upon completion of the project, the final cost totaled $3.0M, which is $500,000.00 more than the revised project estimate. The City has requested reimbursement of $296,990.66, reflecting the County’s current unincorporated percentage share of 9.84%.
Fiscal Impact:
Approval of this resolution recognizes and appropriates $264,800.00 from the unanticipated fund balance to increase the FY17 Aids to Government Agencies-Capital budget accordingly. The balance of the $296,990.66 reimbursement is available from projected savings in funds budgeted for the FY17 fire service contract. This resolution is consistent with the FY17 Estimate used in development of the FY18 Proposed Budget.
Staff Member Responsible:
Jason Miller, Budget & Financial Management Analyst
Office of Management and Budget
Partners:
City of Tarpon Springs
Attachments:
Resolution
Notice of Public Hearing