Subject:
Title
Amendment by resolution supplementing the Fiscal Year 2026 Budget recognizing unanticipated revenue and realignment of funds for requesting departments and funds.
label
Recommended Action:
Recommended Action
Approval of the amendment by resolution supplementing the Fiscal Year 2026 Budget recognizing unanticipated revenue and realignment of funds for requesting departments and funds.
• Recognize $3,118,750 in unanticipated revenue in the General Fund and appropriate to Reserves due to a transfer from Building and Development Review Services Fund. Realign $3,118,750 from Reserves and appropriate to Transfers to the General Fund in the Building and Development Review Services Fund for reimbursement of hurricane-related expenses.
• Realign $200,000 from Reserves in the General Fund and appropriate $185,000 to Operating Expenses for dengue fever response in Public Works Mosquito Control and $15,000 to Personnel Services in the Office of Management & Budget Purchasing Division due to lower-than-anticipated vacancies.
• Realign $2,559,910 from Grants and Aids in the SHIP Fund and appropriate to Transfers to the Capital Projects Fund for reimbursement of Indigo Apartments project funding. Recognize $2,559,910 in unanticipated revenue and appropriate to Capital Outlay (Housing Projects) in the Capital Projects Fund due to transfer from SHIP Fund to reimburse funding for Indigo Apartments project.
• Realign $1,000,000 from Reserves and appropriate to Operating Expenses in the Airport Revenue and Operating Fund to account for funds still tied to purchase orders from previous years.
• Realign $1,000,000 from reserves and appropriate to Operating Expenses in the Water Revenue and Operating Fund due to higher than anticipated repair costs and inventory adjustments. Realign $1,500,000 from Reserves and appropriate to Operating Expenses in the Sewer Revenue and Operating Fund due to higher than anticipated repair costs and inventory adjustments.
• Realign $67,000 from Reserves and appropriate to Personnel Services in the Risk Financing Fund due to additional personnel payouts in FY26 than budgeted.
Body
Strategic Priorities:
Resilient Infrastructure and Environment
1.2 Maintain and enhance County infrastructure.
Smart Service Delivery
4.2 Achieve and maintain a high level of customer satisfaction.
4.5 Develop and retain a highly skilled and efficient workforce.
Summary:
Summary
Amendment by resolution supplementing the Fiscal Year 2026 Budget recognizing unanticipated revenue and realignment of funds for requesting departments and funds.
Recognize $3,118,750 in unanticipated revenue in the General Fund and appropriate to Reserves due to a transfer from Building and Development Review Services Fund. This is due to a transfer owed back to the General Fund for hurricane related expenses.
Realign $3,118,750 from Reserves and appropriate to Transfers to the General Fund in the Building and Development Review Services Fund for reimbursement to the General Fund for hurricane related expenses.
Realign $200,000 from Reserves in the General Fund and appropriate $15,000 to Personnel Services due to lower than anticipated vacancies for Purchasing Division and $185,000 to Operating Expenses for Dengue Fever response for Public Works.
Realign $2,559,910 from Grants and Aids in the SHIP Fund and appropriate to Transfers to the Capital Projects Fund for reimbursement of Indigo Apartments project funding.
Recognize $2,559,910 in unanticipated revenue and appropriate to Capital Outlay (Housing Projects) in the Capital Projects Fund due to transfer from SHIP Fund to reimburse funding for Indigo Apartments project.
Realign $1,000,000 from Reserves and appropriate to Operating Expenses in the Airport Revenue and Operating Fund.
Realign $1,000,000 from Reserves and appropriate to Operating Expenses in the Water Revenue and Operating Fund due to higher than anticipated repair costs and inventory adjustments in Utilities.
Realign $1,500,000 from Reserves and appropriate to Operating Expenses in the Sewer Revenue and Operating Fund due to higher than anticipated repair costs and inventory adjustments in Utilities.
Realign $67,000 from Reserves and appropriate to Personnel Services in the Risk Financing Fund due to additional personnel payouts in FY26 than budgeted.
Body
Background Information:
The General Fund provided a transfer of $3,911,750 in 2025 to the Building and Development Review Services Fund for hurricane related expenses. $793,000 was transferred in June 2026 and this $3,118,750 transfer completes the payments back to the General Fund.
The Purchasing Division of the Office of Management & Budget has experienced lower than anticipated vacancy rates negatively impacted the budget; therefore, $15,000 is requested to be realigned from General Fund Reserves for Purchasing
The Risk Management Division of the Office of Management & Budget has experienced additional personnel payouts in FY26 than budgeted; therefore, $67,000 is requested from the Risk Financing Fund reserves.
The SHIP Fund is reimbursing Penny for Pinellas (Capital Projects Fund) for the Indigo Apartments project following approval of 26-1600A on October 13, 2026. On September 5, 2024, the BCC approved $7.0M of Penny IV affordable housing funding for land acquisition and renovation of the property (24-1248A). SHIP has available funds to cover the FY25 land acquisitions cost of $2,559,901.25. The funds will be appropriated to Housing Projects in the Capital Project Fund.
The Airport Fund is realigning reserves to operating expenses to account for funds still tied to purchase orders from previous years.
Utilities has experienced higher than anticipated repair costs for water and sewer lines due to aging infrastructure. Also, Utilities is expecting a higher than anticipated inventory adjustment at year end of nearly $1,000,000. The department has reached budgetary control and cannot pay outstanding invoices.
Fiscal Impact:
• Recognize $3,118,750 in unanticipated revenue in the General Fund and appropriate to Reserves.
• Realign $3,118,750 from Reserves and appropriate to Transfers in the Building and Development Review Services Fund.
• Realign $200,000 from General Fund Reserves and appropriate $15,000 to Personnel Services and $185,000 to Operating Expenses.
• Realign $2,559,910 from Grants and Aids in the SHIP Fund and appropriate to Transfers.
• Recognize $2,559,910 in unanticipated revenue and appropriate to Capital Outlay in the Capital Projects Fund.
• Realign $1,000,000 from Reserves and appropriate to Operating Expenses in the Airport Revenue and Operating Fund.
• Realign $1,000,000 from Reserves and appropriate to Operating Expenses in the Water Revenue and Operating Fund.
• Realign $1,500,000 from Reserves and appropriate to Operating Expenses in the Sewer Revenue and Operating Fund.
• Realign $67,000 from Reserves and appropriate to Personnel Services in the Risk Financing Fund.
Staff Member Responsible:
Shane Kunze, Senior Budget Analyst
Chris Rose, Director, Office of Management & Budget
Partners:
N/A
Attachments:
RES-26-XX (26-1811A)
Notice of Public Hearing