Subject:
Title
Amendment by resolution supplementing the Fiscal Year 2025 Budget recognizing unanticipated fund balance, recognizing unanticipated revenue, and realigning reserves for requesting departments and constitutional offices.
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Recommended Action:
Recommended Action
Approval of the amendment by resolution supplementing the Fiscal Year 2025 Budget recognizing unanticipated fund balance, recognizing unanticipated revenue, and realigning reserves for requesting departments and constitutional offices.
• Recognize $31,000,000.00 in unanticipated fund balance and appropriate to operating expense, reserves, and transfer to in the General Fund.
• Recognize $890,260.00 in unanticipated revenue and appropriate to operating expenses in the General Fund.
• Realign $1,300,350.00 from reserves to capital outlay and transfers to in the General Fund.
• Recognize $512,340.00 in unanticipated revenue and appropriate to operating expenses and grants and aids in the Community Development Grant Fund.
• Recognize $250,000.00 in unanticipated revenue and appropriate to operating expenses in the STAR Center Fund.
• Realign $318,720.00 from reserves to operating expenses in the STAR Center Fund.
• Recognize $3,911,750.00 in unanticipated revenue and appropriate to operating expenses and reserves in the Building Services Fund.
• Realign $39,700,000.00 from Tampa Bay Rays Stadium project to reserves in the Tourist Development Tax Fund.
• Recognize $1,000,000.00 in unanticipated revenue and appropriate to grants and aids in the CDBG-Disaster Recovery Fund.
• Recognize $17,888,250.00 in unanticipated revenue and appropriate to capital outlay in the Capital Projects Fund.
• Realign $148,000.00 from reserves to capital outlay in the Capital Projects Fund.
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Strategic Priorities:
Resilient Infrastructure and Environment
1.1 Maintain and Enhance County Infrastructure
1.3 Increase Access to Green Space
1.4 Improve Environmental Quality
Healthy and Safe Communities
2.1 Improve Public Health
2.2 Enhance Community Safety
Prosperity and Opportunity
3.1 Increase the Availability of Attainable Housing
3.3 Increase Workforce Opportunities
3.5 Foster Business Growth
Smart Service Delivery
4.2 Achieve and Maintain a High Level of Customer Satisfaction
Summary:
Summary
Amendment by resolution supplementing the Fiscal Year 2025 Budget recognizing unanticipated fund balance, recognizing unanticipated revenue, and realigning reserves for requesting departments and constitutional offices.
Recognize $31,000,000.00 in unanticipated fund balance and appropriate to operating expense, reserves, and transfer to in the General Fund for various departments and constitutional offices.
Recognize $890,260.00 in unanticipated revenue and appropriate to operating expenses in the General Fund for various departments.
Realign $1,300,350.00 from reserves to capital outlay and transfers to in the General Fund for various departments.
Recognize $512,340.00 in unanticipated revenue and appropriate to operating expenses and grants and aids in the Community Development Grant Fund for Housing and Community Development (HCD).
Recognize $250,000.00 in unanticipated revenue and appropriate to operating expenses in the STAR Center Fund for Economic Development (PCED).
Realign $318,720.00 from reserves to operating expenses in the STAR Center Fund for PCED.
Recognize $3,911,750.00 in unanticipated revenue and appropriate to operating expenses and reserves in the Building Services Fund for Building and Development Review Services (BDRS).
Realign $39,700,000.00 from Tampa Bay Rays Stadium project to reserves in the Tourist Development Tax Fund for Convention and Visitors Bureau (CVB).
Recognize $1,000,000.00 in unanticipated revenue and appropriate to grants and aids in the CDBG-Disaster Recovery Fund.
Recognize $17,888,250.00 in unanticipated revenue and appropriate to capital outlay in the Capital Projects Fund.
Realign $148,000.00 from reserves to capital outlay in the Capital Projects Fund.
Body
Background Information:
Amendment by resolution supplementing the Fiscal Year 2025 Budget recognizing unanticipated fund balance, recognizing unanticipated revenue, and realigning reserves for requesting departments and constitutional offices.
Recognize $31,000,000 in unanticipated fund balance and appropriate to operating expense, reserves, and transfer to in the General Fund for various departments and constitutional offices. This includes:
-$10,000,000 to reserves.
-$150,000 for additional Countywide legal support.
-$400,000 for contractual services in General Government.
-$3,911,750 for a transfer to Building Services Fund.
-$16,538,250 for a transfer to CIP Fund.
Recognize $890,260 in unanticipated revenue and appropriate to operating expenses in the General Fund for various departments. This includes:
-$263,760 for a Pinellas County First Responder - CARA federal grant for Human Services.
-$226,500 for federal grants for Human Service, which include Family Treatment Court Enhancement and Justice Assistance.
-$400,000 for a DCF Treatment for Individuals Experiencing Homelessness (TIEH) federal grant for Human Services.
Realign $1,300,350 from reserves to capital outlay and transfers to in the General Fund for various departments.
-$732,000 for machinery and equipment for the Medical Examiner, including a GC-MS analytical instrument to identify seized drugs ($185,000) and X-ray equipment ($547,000).
-$168,350 transfer to Property Appraiser (PAO) for hurricane related expenditures.
Recognize $512,340 in unanticipated revenue from a Rapid Unsheltered Survivor Housing (RUSH) federal grant and appropriate to operating expenses and grants and aids in the Community Development Grant Fund for Housing and Community Development (HCD).
Recognize $250,000 in unanticipated revenue from Florida Commerce for a Defense Reinvestment Grant and appropriate to operating expenses in the STAR Center Fund for Economic Development (PCED).
Realign $318,720 from reserves to operating expenses to replace two failed transformers in the STAR Center Fund for PCED.
Recognize $3,911,750 in unanticipated revenue from a General Fund Transfer and appropriate to operating expenses and reserves in the Building Services Fund for Building and Development Review Services (BDRS). Funding is needed to support Building Services Fund reserves ($1,900,000) and for hurricane related expenses ($2,011,750).
Realign $39,700,00 from Tampa Bay Rays Stadium project to reserves in the Tourist Development Tax Fund for Convention and Visitors Bureau (CVB) due to cancellation of the Major League Baseball Stadium project in St. Petersburg.
Recognize $1,000,000 in unanticipated revenue and appropriate to grants and aids in the CDBG-Disaster Recovery Fund.
Recognize $17,888,250 in unanticipated revenue and appropriate to capital outlay in the Capital Projects Fund. This includes:
-$1,500,000 in contributions from the West Klosterman Preservation Group, Inc. for the acquisition of the West Klosterman Property.
-$16,388,250 from a General Fund transfer for various CIP projects.
Realign $148,000 from reserves to capital outlay in the Capital Projects Fund for Bridge Program project due to restatement amount.
Fiscal Impact:
Recognize $31,000,000 in unanticipated fund balance and appropriate to operating expense, reserves, and transfer to in the General Fund.
Recognize $890,260 in unanticipated revenue and appropriate to operating expenses in the General Fund.
Realign $1,300,350 from reserves to capital outlay and transfers to in the General Fund.
Recognize $512,340 in unanticipated revenue and appropriate to operating expenses and grants and aids in the Community Development Grant Fund.
Recognize $250,000 in unanticipated revenue and appropriate to operating expenses in the STAR Center Fund.
Realign $318,720 from reserves to operating expenses in the STAR Center Fund.
Recognize $3,911,750 in unanticipated revenue and appropriate to operating expenses and reserves in the Building Services Fund.
Realign $39,700,00 from Tampa Bay Rays Stadium project to reserves in the Tourist Development Tax Fund.
Recognize $1,000,000 in unanticipated revenue and appropriate to grants and aids in the CDBG-Disaster Recovery Fund.
Recognize $17,888,250 in unanticipated revenue and appropriate to capital outlay in the Capital Projects Fund.
Realign $148,000 from reserves to capital outlay in the Capital Projects Fund.
Staff Member Responsible:
Shane Kunze, 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