Broward County Commission Regular Meeting

MOTION TO ADOPT supplemental budget Resolution Nos 2019-227 through 2019-233 within the Internal Service Funds in the amount of <$875,428> to adjust fund balances and other budgeted revenues and appropriate funds to reserves and other commitments.

ACTION:  (T-12:16 PM)  Approved.  (Refer to minutes for full discussion.)

VOTE: 9-0.  Commissioner Geller voted in the affirmative telephonically.    
 

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 adjust the budgeted fund balance in order to correspond to the audited fund balance for each fund. This budget amendment also includes a proposed appropriation to address a need that has arisen since the adoption of the Fiscal Year 2019 budget.

None.

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. 

RISK MANAGEMENT FUND (50015) - $2,831,669 - Budgeted fund balance ($373,749) is adjusted and additional premium revenue is budgeted ($2,457,920).  The additional funds are appropriated to fund purchased property insurance ($3,604,500) and to reduce the reserve for self insurance accordingly <$772,831>.

BSO SELF INSURANCE FUND - (50020) - $1,320,000 - Budgeted fund balance is adjusted and the additional funds are appropriated to reserve for self insurance liability.

EMPLOYEE BENEFITS FUND - (50025) - <$4,738,440> - Budgeted fund balance is adjusted and the reserve is reduced accordingly.

BSO WORKER’S COMPENSATION FUND (50030) - <$1,435,000> - Budgeted fund balance is adjusted and the reserve is reduced accordingly.

OWNER’S CONTROLLED INSURANCE PROGRAM (OCIP) FUND (50035) - $396,000 - Budgeted fund balance is adjusted and the additional funds are appropriated to reserves.

FLEET SERVICES FUND (50100) - $572,000 - Budgeted fund balance ($572,000) is adjusted and the additional funds are appropriated to auto claims liability ($204,050) and reserve for future capital outlay ($367,950).

PRINT SHOP FUND (50200) - $178,343 - Budgeted fund balance is adjusted and the additional funds are appropriated to reserves for replacement equipment.

Norman Foster, Director, Office of Management and Budget, (954) 357-6345