Broward County Commission Regular Meeting

MOTION TO ADOPT supplemental budget Resolutions within the Special Purpose Funds and Grant Funds in the amount of $750 to amend revenues and appropriations prior to the close of the Fiscal Year.

(Deferred to Tuesday, September 26, 2017.)

Supplemental budgets are required whenever existing revenue sources are increased or decreased, resulting in a change in the total appropriations of a fund.

The primary purpose of this supplemental budget is to make year-end adjustments to facilitate the year-end closing process.

No previous action taken.

Staff presents three supplemental budgets per year to the Board. The third supplemental budget is for the purpose of making year-end adjustments to various revenues and appropriations.

THE OFFICE OF MANAGEMENT AND BUDGET RECOMMENDS APPROVAL OF THE FOLLOWING YEAR-END ACTIONS WITHIN THE SPECIAL PURPOSE FUNDS:

BROWARD CULTURAL AFFAIRS FUND - $0 - Funds are reallocated from reserve ($107,960) and appropriated to cover prior year expenses with no overall increase in the total appropriations of the fund.

PAY TELEPHONE TRUST FUND - $0 - Additional funds are transferred from the General Fund ($450,550) to offset the projected deficit in pay telephone revenues with no decrease in appropriations. 

ASSETS FOR INDEPENDENCE - $750 - Additional revenues are appropriated to cover projected program related expenses.

COMMUNITY CARE FOR THE ELDERLY - $0 - Additional revenues are appropriated ($89,100) enabling a reduction in the amount of funds to be transferred from the General Fund with no change in appropriations.

Norman Foster, Director, Office of Management Budget, 954-357-6346