Broward County Commission Regular Meeting

MOTION TO ADOPT budget Resolution No. 2018-396 transferring funds within the General Fund in the amount of $105,192 to provide cash match to various grant programs.

ACTION:  (T-2:14 PM)  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 make year-end adjustments to facilitate the year-end closing process.

No previous action taken.

THE OFFICE OF MANAGEMENT AND BUDGET RECOMMENDS APPROVAL OF THE FOLLOWING YEAR-END ACTIONS WITHIN THE GENERAL FUND:

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 County's Grant Match reserve is reduced by <$105,192> and transferred to the Asset for Independence Grant Fund ($27,967), HOME Grant Fund ($49,731), and Help America Vote Act Grant Fund ($27,494).

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