Broward County Commission Regular Meeting

MOTION TO ADOPT supplemental budget Resolution Nos. 2017-682 through 2017-683 within the Internal Service Funds in the amount of $1,171,462 primarily to reappropriate funds for prior year commitments.

ACTION:  (T-10:58 AM)  Approved.  (Refer to minutes for full discussion.)
 
VOTE: 9-0.

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 reappropriate funds for prior year commitments.

None.

Staff typically presents three supplemental budget amendments per year to the Board. The purpose of the first supplemental budget amendment is primarily to carry forward funds for specific non-recurring items that were budgeted in the prior Fiscal Year but the purchasing transactions were not completed, or the funds were not expended for other reasons. These items are commonly referred to as “reappropriations”.

RISK MANAGEMENT FUND - $239,780 - Fund balance is reappropriated prior year commitments including vehicles budgeted in Fiscal Year 2017 ($38,000), information technology expenses ($25,610), a non-recurring reserve for small claims ($176,170) and additional funding for consultant services for building environmental monitoring ($200,000).

OWNER CONTROLLED INSURANCE PROGRAM FUND - $731,682 - Fund balance is reappropriated for outstanding claims and associated costs which have not yet been paid.

Norman Foster, Director, OMB, (954) 357-6346