Staff presents three supplemental budgets per year to the Board. The purpose of the second supplemental budget is primarily to adjust the budgeted fund balance to correspond to the audited amount. This budget amendment also includes a number of proposed appropriations which are highlighted individually below.
The audited fund balance for the general fund is approximately $28.7 million above the current budgeted amount. These funds are recommended for appropriation primarily for the following items: $12.7 million to purchase the Shaw property to be reimbursed from Airport, Port or other funds based on the final determination on the use of the land, $13.6 million is transferred to the General Capital Fund for allocation to projects in the Fiscal Year 2019 budget development process, $1.4 million to reserve the refund received in Fiscal Year 2017 from the Hollywood CRA for projects within the City of Hollywood, $.2 million is transferred to the Judicial Technology Fee Fund to cover a shortfall in that fund, $27,000 to cover the monthly maintenance costs for the new Commission Agenda software, and $.8 million is to reappropriate funds for prior commitments. Those prior commitments include: $.1 million for increases provided in the Nova Southeastern Library contract, $.15 million for temporary staff to digitize environmental agency records, $.2 million for several Fiscal Year 2017 commitments which were not reappropriated in the 1st supplemental budget, and $.29 million is budgeted for two positions for the County Attorney's Office relating to the Noise Mitigation program. The reimbursements from Aviation for the positions are already budgeted.
In addition to adjustment of the budgeted fund balance, there are several other revenue adjustments in the general fund: $98,000 for the County Attorney and $84,000 for the Records Division in fees are appropriated to for costs related to clearing up the tax deed backlog, funds transferred from the Broward Municipal Services District Fund ($45,900) are budgeted in the Libraries budget for digital divide tablets, $25,000 in credit card fee revenues are budgeted to offset credit card fees, and budgeted transfers to and from the Local Business Tax Fund are adjusted to offset a small shortfall in that fund.
This budget amendment reallocates the $11 million reserved to phase-in the impact of the additional homestead exemption over a three year period, to offset a portion of the cost to purchase the Shaw property. Additional reallocations of funding include: funds for contract security are reallocated from the BSO Regional Law Enforcement budget to the Facilities Maintenance budget ($448,500), funds are reallocated from the General Capital Fund to the Facilities Management Division for the maintenance of the Traffic Engineering Building ($75,000), and funds for emergency supplies are reallocated from several agencies to consolidate within the Emergency Management Division budget ($273,000). The cash match for several Human Services grants is re-budgeted due to the timing of grant reimbursements, with the funding reallocated from the Grant Match reserve <$778,943>. |