Subject:
Title
Amendment by resolution supplementing the Fiscal Year 2025 Budget recognizing unanticipated fund balance and unanticipated revenue and realigning reserves for requesting departments (Carryforward Amendment).
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Recommended Action:
Recommended Action
Approval of the amendment by resolution supplementing the Fiscal Year 2025 Budget by recognizing unanticipated fund balance and unanticipated revenue and realigning reserves for requesting departments and funds.
Operating Budget:
• Recognize $2,041,120.00 in unanticipated fund balance and appropriate to personnel services, operating expenses, and capital outlay in the General Fund.
• Recognize $29,014,870.00 in unanticipated fund balance and appropriate to operating expenses and capital outlay in various requesting funds.
Capital Budget
• Recognize $345,000.00 in unanticipated fund balance and appropriate to capital outlay in the General Fund.
• Recognize $155,308,000.00 in unanticipated fund balance and unanticipated revenue and appropriate to capital outlay in the Capital Projects Fund.
• Recognize $55,228,000.00 and appropriate capital outlay in various requesting funds.Body
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:
Summary
Approval of the amendment by resolution supplementing the Fiscal Year 2025 Budget by recognizing unanticipated fund balance and unanticipated revenue, and realigning reserves for requesting departments and funds.
Operating Budget:
The attached resolution recognizes and appropriates unanticipated fund balance to provide sufficient budget in FY25 for Operating expenditures that were previously planned and budgeted for in FY24 but were not fulfilled due to various circumstances.
Recognize $2,041,120 in unanticipated fund balance and appropriate to personnel services, operating expenses, and capital outlay in the General Fund.
Recognize $32,000 in unanticipated fund balance and appropriate to capital outlay in the County Transportation Trust Fund.
Recognize $6,738,110 in unanticipated fund balance and appropriate to operating expenses, capital outlay, and grants and aids in the Emergency Medical Service Fund.
Recognize $729,420 in unanticipated fund balance and appropriate to operating expenses and capital outlay in the Fire Districts Fund.
Recognize $6,365,510 in unanticipated fund balance and appropriate to grants and aids in the Fire Districts Fund.
Recognize $103,250 in unanticipated fund balance and appropriate to operating expenses and capital outlay in the Surface Water Utility Fund.
Recognize $60,000 in unanticipated fund balance and appropriate to operating expenses in the Airport Revenue and Operating Fund.
Recognize $1,496,060 in unanticipated fund balance and appropriate to operating expenses and capital outlay in the Water Revenue and Operating Fund.
Recognize $8,691,760 in unanticipated fund balance and appropriate to operating expenses and capital outlay in the Sewer Revenue and Operating Fund.
Recognize $208,200 in unanticipated fund balance and appropriate to capital outlay in the Sewer Renewal and Replacement Fund.
Recognize $4,590,560 in unanticipated fund balance and appropriate to capital outlay in the Fleet Management Fund.
Capital Budget:
The attached resolution recognizes and appropriates unanticipated fund balance and revenues to provide sufficient budget in FY25 for Capital Improvement Program projects and reduces the FY25 Budget for projects that exceeded estimated expenditures in FY24.
This attached resolution realigns reserves with Capital Improvement Program projects to fund design and construction in the Capital Fund
Recognize $345,000 in unanticipated fund balance and appropriate to capital outlay in the General Fund.
Recognize $1,776,000 in unanticipated fund balance and appropriate to capital outlay in the County Transportation Trust Fund.
Reduce $98,000 in fund balance and appropriations to capital outlay in the STAR Center Fund.
Reduce $14,320,000 in revenue and appropriations to capital outlay in the American Rescue Plan Act (ARPA) Fund.
Recognize $2,060,000 in unanticipated fund balance and appropriate to capital outlay in the Surface Water Utility Fund.
Recognize $155,308,000 in unanticipated fund balance and unanticipated revenue and appropriate to capital outlay in the Capital Projects Fund.
Realign $11,584,000 from reserves and appropriate to capital outlay in the Capital Fund.
Recognize $2,017,000 in unanticipated fund balance and appropriate to capital outlay in the Airport Revenue and Operating Fund.
Recognize $10,165,000 in unanticipated fund balance and appropriate to capital outlay in the Solid Waste Renewal and Replacement Fund.
Recognize $4,903,000 in unanticipated fund balance and appropriate to capital outlay in the Water Renewal and Replacement Fund.
Recognize $8,305,000 in unanticipated fund balance and appropriate to capital outlay in the Sewer Renewal and Replacement Fund.
Body
Background Information:
This resolution is commonly referred to as the “carry forward amendment” and recognizes fund balance that was created by a planned expenditure not being fulfilled in the previous fiscal year (FY24).
Operating Budget:
The attached resolution recognizes and appropriates unanticipated fund balance to provide sufficient budget in FY25 for Operating expenditures that were previously planned and budgeted for in FY24 but were not fulfilled due to various circumstances.
Recognize $2,041,120 in unanticipated fund balance and appropriate to personnel services, operating expenses, and capital outlay in the General Fund. This includes:
-$675,720 for Parks and Conservation Resources (PCR).
-$681,770 for SES.
--$265,370 for Construction and Property Management (CPM).
-$401,360 for Public Works.
-$13,750 for Judiciary.
-$3,150 for Public Defender.
Recognize $32,000 in unanticipated fund balance and appropriate to capital outlay in the County Transportation Trust Fund for Public Works.
Recognize $6,738,110 in unanticipated fund balance and appropriate to operating expenses, capital outlay, and grants and aids in the Emergency Medical Service Fund for Safety and Emergency Services (SES).
Recognize $729,420 in unanticipated fund balance and appropriate to operating expenses and capital outlay in the Fire Districts Fund for SES.
Recognize $6,365,510 in unanticipated fund balance and appropriate to grants and aids in the Fire Districts Fund for SES.
Recognize $103,250 in unanticipated fund balance and appropriate to operating expenses and capital outlay in the Surface Water Utility Fund for Public Works.
Recognize $60,000 in unanticipated fund balance and appropriate to operating expenses in the Airport Revenue and Operating Fund for Airport.
Recognize $1,496,060 in unanticipated fund balance and appropriate to operating expenses and capital outlay in the Water Revenue and Operating Fund for Pinellas County Utilities (PCU).
Recognize $8,691,760 in unanticipated fund balance and appropriate to operating expenses and capital outlay in the Sewer Revenue and Operating Fund for PCU.
Recognize $208,200 in unanticipated fund balance and appropriate to capital outlay in the Sewer Renewal and Replacement Fund for PCU.
Recognize $4,590,560 in unanticipated fund balance and appropriate to capital outlay in the Fleet Management Fund for the Department of Administrative Services (DAS).
Capital Budget:
The attached resolution recognizes and appropriates unanticipated fund balance and revenues (ARPA Fund) to provide sufficient budget in FY25 for Capital Improvement Program projects and reduces the FY25 Budget for projects that exceeded estimated expenditures in FY24. It also realigns reserves and appropriates to capital outlay for prior year balances during the FY25 budget cycle.
Generally, unanticipated fund balances result when actual expenditures are less than those estimated during the budget development process and/or revenues exceed those anticipated. The FY25 actual beginning fund balances have exceeded the budget in the funds identified due principally to changes in expenditures not anticipated during budget development. For any projects that progressed ahead of schedule in FY24, the resolution reduces the FY25 capital budget by the same amount (no total change in funding).
Recognize $345,000 in unanticipated fund balance and appropriate to capital outlay in the General Fund.
Recognize $1,776,000 in unanticipated fund balance and appropriate to capital outlay in the County Transportation Trust Fund.
Reduce $98,000 in fund balance and appropriations to capital outlay in the STAR Center Fund.
Reduce $14,320,000 in revenue and appropriations to capital outlay in the American Rescue Plan Act (ARPA) Fund.
Recognize $2,060,000 in unanticipated fund balance and appropriate to capital outlay in the Surface Water Utility Fund.
Recognize $155,308,000 in unanticipated fund balance and unanticipated revenue and appropriate to capital outlay in the Capital Projects Fund.
Realign $11,584,000 from reserves to Road Resurfacing & Rehabilitation PIV, 004192A, for $9,584,000 and Gulf Blvd. Improvements Penny IV, 004200A, for $2,000,000 within the Capital Projects Fund to appropriate prior year balances during the FY25 budget cycle.
Recognize $2,017,000 in unanticipated fund balance and appropriate to capital outlay in the Airport Revenue and Operating Fund.
Recognize $10,165,000 in unanticipated fund balance and appropriate to capital outlay in the Solid Waste Renewal and Replacement Fund.
Recognize $4,903,000 in unanticipated fund balance and appropriate to capital outlay in the Water Renewal and Replacement Fund.
Recognize $8,305,000 in unanticipated fund balance and appropriate to capital outlay in the Sewer Renewal and Replacement Fund.
Fiscal Impact:
Approval of the amendment by resolution supplementing the Fiscal Year 2025 Budget by recognizing unanticipated fund balance for requesting departments and funds.
Operating Budget:
• Recognize $2,041,120 in unanticipated fund balance and appropriate to personnel services, operating expenses, and capital outlay in the General Fund.
• Recognize $32,000 in unanticipated fund balance and appropriate to capital outlay in the County Transportation Trust Fund.
• Recognize $6,738,110 in unanticipated fund balance and appropriate to operating expenses, capital outlay, and grants and aids in the Emergency Medical Service Fund.
• Recognize $729,420 in unanticipated fund balance and appropriate to operating expenses and capital outlay in the Fire Districts Fund.
• Recognize $6,365,510 in unanticipated fund balance and appropriate to grants and aids in the Fire Districts Fund.
• Recognize $103,250 in unanticipated fund balance and appropriate to operating expenses and capital outlay in the Surface Water Utility Fund.
• Recognize $60,000 in unanticipated fund balance and appropriate to operating expenses in the Airport Revenue and Operating Fund.
• Recognize $1,496,060 in unanticipated fund balance and appropriate to operating expenses and capital outlay in the Water Revenue and Operating Fund.
• Recognize $8,691,760 in unanticipated fund balance and appropriate to operating expenses and capital outlay in the Sewer Revenue and Operating Fund.
• Recognize $208,200 in unanticipated fund balance and appropriate to capital outlay in the Sewer Renewal and Replacement Fund.
• Recognize $4,590,560 in unanticipated fund balance and appropriate to capital outlay in the Fleet Management Fund.
Capital Budget
• Recognize $345,000 in unanticipated fund balance and appropriate to capital outlay in the General Fund.
• Recognize $1,776,000 in unanticipated fund balance and appropriate to capital outlay in the County Transportation Trust Fund.
• Reduce $98,000 in fund balance and appropriations to capital outlay in the STAR Center Fund.
• Reduce $14,320,000 in revenue and appropriations to capital outlay in the American Rescue Plan Act (ARPA) Fund.
• Recognize $2,060,000 in unanticipated fund balance and appropriate to capital outlay in the Surface Water Utility Fund.
• Recognize $155,308,000 in unanticipated fund balance and unanticipated revenue and appropriate to capital outlay in the Capital Projects Fund.
• Realign $11,584,000 from reserves and appropriate to capital outlay in the Capital Fund.
• Recognize $2,017,000 in unanticipated fund balance and appropriate to capital outlay in the Airport Revenue and Operating Fund.
• Recognize $10,165,000 in unanticipated fund balance and appropriate to capital outlay in the Solid Waste Renewal and Replacement Fund.
• Recognize $4,903,000 in unanticipated fund balance and appropriate to capital outlay in the Water Renewal and Replacement Fund.
• Recognize $8,305,000 in unanticipated fund balance and appropriate to capital outlay in the Sewer Renewal and Replacement Fund.
Staff Member Responsible:
Shane Kunze, Budget and Financial Management Analyst, Office of Management and Budget
Kristen Pittman, Budget and Financial Management Analyst, Office of Management and Budget
Chris Rose, Director, Office of Management and Budget
Partners:
N/A
Attachments:
Res-25-XX
Notice of Public Hearing