Subject:
Title
Approval of Third Quarter Supplemental Budget for Fiscal Year 2021-2022
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Fiscal Impact:
The budget supplement amends the County’s budget from $1,675,619,829 to $1,715,073,123, and increase of $39,453,294 or 2.35%.
Dept/Office:
Budget
Requested Action:
Recommendation
It is requested that the Board of County Commissioners approve a Supplemental Budget for the Third Quarter of Fiscal Year 2021-2022, authorize the Chair to sign the Resolution, and approve the budget changes and such actions as are necessary to implement the adopted changes.
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Summary Explanation and Background:
The County’s Supplemental Budget for the Third Quarter of FY 2021-2022 is adopted by a resolution after holding a public hearing as required by Chapter 129, Florida Statutes. Supplemental Budget Changes Requests, for applicable County Agencies, are included in the Supplemental package. These documents are attached for review and approval.
A summary of the proposed Budget Supplement, along with a notice of date and time of the public hearing, was advertised in the April 1, 2022 edition of the Florida Today.
General Funds increase by $2.1M, which is primarily due to increases associated with the following departments and programs: Public Works for Facilities Management capital projects and Engineering Review inspection fees; Natural Resources due to Environmental Management and Environmental Remediation Compliances programs; Planning and Development associated with collecting more than anticipated in fines and forfeits in Code Enforcement as well as higher than anticipated permits, fees and special assessments in the Planning and Zoning Land Development fund.
Transportation Trust Funds increase by $6.1M, primarily due to increases in Balance Forward associated with Countywide Road and Bridge Fund, as well as the Road and Bridge MSTU Funds for multi-year major repair and maintenance projects that were not completed or progressed as anticipated in FY2020-2021, as well as an increase in the Local Option Gas Tax Fund associated with collecting more revenue than anticipated.
Special Revenue increase by $41.4M due to the following departments and programs that collect Special Revenue Funds: Natural Resources for the Save Our Indian River Lagoon 1/2 Cent Sales Tax and Stormwater programs; Tourism Development for TDT tax increases; Planning & Development due to Impact Fees and Permit revenue; and Fire Rescue due primarily to delays in the purchase of capital equipment and capital improvement projects.
Capital Project Funds decrease by $132K primarily due to progress made with Parks and Recreation projects.
Enterprise Funds decrease $8.1M, primarily due to a decrease in the Solid Waste Disposal Renewal & Replacement Fund in alignment of the department's five-year projections for capital projects; offset by increases in Utility Services and Transit Services for capital projects and equipment being carried-forward.
Internal Service Funds decrease by $2M, which is primarily the result decreases in the Employee Benefit and Risk Management funds due to claims expenses being higher than anticipated in FY 2020-2021.
Clerk to the Board Instructions: