Broward County Commission Regular Meeting

MOTION TO ADOPT supplemental budget Resolution No. 2018-407 within the Internal Service Funds in the amount of $700,000 to amend revenues and appropriations prior to the close of the Fiscal Year.

ACTION:  (T-2:15 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 INTERNAL SERVICE FUNDS:

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.

FLEET SERVICES FUND - $700,000 - Additional revenue is recognized and appropriated based on increased fuel usage during Fiscal Year 2018.

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