Subject:
Title
Amendment by resolution supplementing the Fiscal Year 2025 Budget realigning reserves and recognizing unanticipated revenue for requesting departments.
label
Recommended Action:
Recommended Action
Approval of the amendment by resolution supplementing the Fiscal Year 2025 Budget realigning reserves and recognizing unanticipated revenue for requesting departments.
• Appropriate $40,000.00, realigned from General Fund reserves to operating expenses in the General Fund for Human Services to accommodate higher than budgeted Medicaid payments to the State of Florida.
• Appropriate $1,515,000.00, realigned from General Fund reserves to operating expenses in General Government to accommodate higher than budgeted costs for Hurricanes Milton and Helene.
• Appropriate $50,000.00, realigned from Tourist Development Tax Fund reserves, to transfers in the for Convention and Visitors Bureau to accommodate higher than budgeted charges to the Tax Collector for collection of Tourist Development Taxes.
• Appropriate $1,200,000.00, recognizing unanticipated revenues, to operating expenses in the Sewer Revenue and Operating Fund for Utilities to accommodate higher than budgeted costs for sewer line repairs.
• Appropriate $756,000.00, recognizing unanticipated revenues, to operating expenses in the Fleet Management Fund for the Office of Fleet and Asset Management to accommodate higher than budgeted costs for parts and external repair services. Body
Body
Strategic Priorities:
Resilient Infrastructure and Environment
1.2 Maintain and Enhance County Infrastructure
1.6 Ensure Sustainable Water Management
Healthy and Safe Communities
2.1 Improve Public Health
Smart Service Delivery
4.2 Achieve and Maintain a High Level of Customer Satisfaction
Summary:
Summary
Approval of the amendment by resolution supplementing the Fiscal Year 2025 Budget realigning reserves and recognizing unanticipated revenue for requesting departments.
Realign $40,000 from reserves and appropriate to operating expenses in the General Fund for Human Services.
Realign $50,000 from reserves and appropriate to transfers in the Tourist Development Tax Fund for Convention and Visitors Bureau (CVB).
Realign $1,515,000 from reserves and appropriate to operating expenses in the General Fund for General Government.
Recognize $1,200,000 in unanticipated revenue and appropriate to operating expenses in the Sewer Revenue and Operating Fund for Utilities (PCU).
Recognize $756,000 in unanticipated revenue and appropriate to operating expenses in the Fleet Management Fund for the Office of Fleet and Asset Management (OFAM).Body
Background Information:
Approval of the amendment by resolution supplementing the Fiscal Year 2025 Budget realigning reserves and recognizing unanticipated revenue for requesting departments.
Realign $40,000 from reserves and appropriate to operating expenses in the General Fund for Human Services. The monthly amount required for the Medicaid payment to the State under Florida Statutes 409.915 is adjusted in July annually. The adjustment created higher than anticipated expenditures for FY25.
Realign $1,515,000 from reserves and appropriate to operating expenses in the General Fund for General Government. Costs associated with Hurricanes Milton and Helene were higher than anticipated in FY25.
Realign $50,000 from reserves and appropriate to transfers in the Tourist Development Tax Fund for Convention and Visitors Bureau (CVB). The monthly charges for the Tax Collector were higher than anticipated in FY25.
Recognize $1,200,000 in unanticipated revenue and appropriate to operating expenses in the Sewer Revenue and Operating Fund for Utilities (PCU). The department has experienced higher than anticipated costs for sewer line repairs, however, has also received more revenue than anticipated that is sufficient coverage the additional expenditures.
Recognize $756,000 in unanticipated revenue and appropriate to operating expenses in the Fleet Management Fund for the Office of Fleet and Asset Management (OFAM). The department has experienced higher than anticipated costs for parts and external repair services, however, has also received more revenue than anticipated that is sufficient coverage for the additional expenditures.
Fiscal Impact:
Realign $40,000 from reserves and appropriate to operating expenses in the General Fund for Human Services.
Realign $1,515,000 from reserves and appropriate to operating expenses in the General Fund for General Government.
Realign $50,000 from reserves and appropriate to transfers in the Tourist Development Tax Fund for Convention and Visitors Bureau (CVB).
Recognize $1,200,000 in unanticipated revenue and appropriate to operating expenses in the Sewer Revenue and Operating Fund for Utilities (PCU).
Recognize $756,000 in unanticipated revenue and appropriate to operating expenses in the Fleet Management Fund for the Office of Fleet and Asset Management (OFAM).
Staff Member Responsible:
Toni Merrill, Budget and Financial Management Analyst
Shane Kunze, Budget and Financial Management Analyst
Chris Rose, Director of Office of Management and Budget
Partners:
N/A
Attachments:
RES-25-XX (25-1629A)
Notice of Public Hearing