Subject:
Title
Approval of Third Quarter Supplemental Budget for Fiscal Year 2022-2023
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Fiscal Impact:
The budget supplement amends the County's budget from $1,941,129,695 to $1,972,548,923, an increase of $31,419,228 or 1.62%.
Dept/Office:
Budget Office
Requested Action:
Recommendation
It is requested that the Board of County Commissioners approve a Supplemental Budget for the Third Quarter of Fiscal Year 2022-2023, 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 2022-2023 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 May 5, 2023 edition of the Florida Today.
Special Revenue Funds increase by $13.1M, which is primarily due to increases associated with the following departments and programs: Tourism Development Tax collections and fund balance are higher than anticipated; Sheriff's Office Law Enforcement MSTU and Inmate Commissary fund balances are being recognized and allocated to capital purchases; Judicial Support Court Facilities operating costs increase for security guard and janitorial services.
Enterprise Funds increase by $12.1M, primarily due to projects and equipment purchases being carried-forward in the Utility Services and Solid Waste Operation and Maintenance funds due to long-lead times associated with material and equipment purchases.
General Funds increase by $4.2M, which is primarily due to General Government fund balance, which is being allocated to critical needs for Facilities, EOC, and Park...
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