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 amounts. This budget amendment also includes a number of proposed appropriations which are highlighted individually below.
BSO LAW ENFORCEMENT CONTRACTS FUND (11015) - $7,226,688 - Budgeted fund balance is adjusted and additional funds are transferred to the Other Post Employment Benefits Fund (OPEB) ($6,476,688). Revenues and appropriations are increased ($750,000) for additional personnel per an amendment to the agreement between BSO and Weston.
BSO FIRE RESCUE CONTRACTS FUND (11020) - $5,904,857 - Budgeted fund balance is adjusted and additional funds are transferred to the Other Post Employment Benefits Fund (OPEB) ($5,904,857).
SHERIFF LAW ENFORCEMENT TRUST FUND (11305) - $3,569,035 - Budgeted fund balance and other revenues are adjusted and additional funds are appropriated to reserves.
COUNTY TRANSPORTATION TRUST FUND (CTTF) (11505) - $2,108,229 - Budgeted fund balance is adjusted and appropriations are reduced <$75,000> to transfer responsibility for maintenance of the Traffic Engineering Building to the Facilities Management Division, funds are re-budgeted for this program's share of ERP rollouts 2 and 3 ($1,546,210), and the remaining balance is appropriated to reserve ($637,019).
CONSTITUTIONAL GAS TAX FUND (11510) - $453,000 - Budgeted fund balance is adjusted and additional funds are transferred to the Constitutional Gas Tax Capital Projects Fund.
CTTF ROAD IMPACT FEE FUND (11515) - $2,650,000 - This action appropriates the fund balance attributable to Road and Transit Impact Fees collected in the prior fiscal year to reserves for future capital projects ($2,481,183) and transfers out a developer contribution for the Loxahatchee road project to the Constitutional Gas Tax Capital Projects Fund ($168,817).
LOCAL OPTION GAS TAX FUND (11520) - $441,000 - Budgeted fund balance is adjusted and additional funds are transferred to the Engineering Capital Projects Fund.
TRANSIT CONCURRENCY FUND (11525) - $1,495,000 - Budgeted fund balance is adjusted and additional funds are appropriated to a reserve for transportation related capital projects.
CONVENTION AND VISITOR'S BUREAU FUND (11405) - $2,187,500 - Budgeted fund balance is adjusted and the funds are appropriated to the reserve for revenue stabilization ($1,812,020) and to re-budget the reserve for this fund's share of ERP rollouts 2 and 3 ($375,480).
AIR TRUST FUND (11205) - $105,842 - Budgeted fund balance is adjusted and additional funds are appropriated to reserves ($105,842).
CONVENTION CENTER FUND (11410) - $732,974 - Budgeted fund balance is adjusted and additional funds are appropriated to the reserve for operations and maintenance ($560,444) and to re-budget the reserve ($172,530) for this fund's share of ERP rollouts 2 and 3.
WATER CONTROL DISTRICT No. 2 FUND (11105) - $191,000 - Budgeted fund balance is adjusted and additional funds are appropriated to reserve.
COCOMAR WATER CONTROL DISTRICT FUND (11110) - $156,000 - Budgeted fund balance is adjusted and additional funds are appropriated to reserve.
WATER CONTROL DISTRICT No. 3 FUND (11115) - $100,000 - Budgeted fund balance is adjusted and additional funds are appropriated to reserve.
WATER CONTROL DISTRICT No. 4 FUND - (11120) - $64,000 - Budgeted fund balance is adjusted and additional funds are appropriated to reserve.
LOCAL OPTION VESSEL REGISTRATION FUND (11210) - $407,000 - Budgeted fund balance is adjusted and funds are appropriated for the Fiscal Year 2017 fourth quarter payments for various grants ($118,470). Remaining funds are appropriated to reserve ($288,530).
FOUR CENT TOURIST DEVELOPMENT TAX FUND (11420) - $10,278,000 - Budgeted fund balance is adjusted and additional funds are appropriated to reserve ($2,412,000). The Tourist Development Tax (TDT) revenues are adjusted to account for the collection of the 6th TDT penny in Fiscal Year 2018 based on the Fiscal Year 2018 adopted budget forecast and the funds are appropriated into a restricted reserve ($7,866,000). |