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) $8,420,276 - Budgeted fund balance is adjusted ($11,738,000) and revenues and appropriations from the contract with West Park/Pembroke Park are reduced <$3,317,724> to correct for an error in the first supplemental budget. Appropriations are increased to fund a 3% retroactive cost of living pay increase for deputies ($3,777,277). The additional fund balance, less the amount of the deputy pay increase, is transferred to the Other Post Employment Benefits Fund (OPEB) ($7,960,723).
BSO FIRE RESCUE CONTRACTS FUND (11020) $4,926,000 - Budgeted fund balance is adjusted and additional funds are transferred to the Other Post Employment Benefits Fund (OPEB).
WATER CONTROL DISTRICT No. 2 FUND (11105) $185,000 - Budgeted fund balance is adjusted and additional funds are appropriated to other restricted reserve.
COCOMAR WATER CONTROL DISTRICT FUND (11110) $153,000 - Budgeted fund balance is adjusted and additional funds are appropriated to other restricted reserve.
WATER CONTROL DISTRICT No. 3 FUND (11115) $231,000 - Budgeted fund balance is adjusted and additional funds are appropriated to other restricted reserve.
WATER CONTROL DISTRICT No. 4 FUND - (11120) $226,000 - Budgeted fund balance is adjusted and additional funds are appropriated to other restricted reserve.
AIR POLLUTION TRUST FUND (11205) $127,000 - Budgeted fund balance is adjusted and additional funds are appropriated to rate stabilization reserve.
LOCAL OPTION VESSEL REGISTRATION FUND (11210) $547,000 - Budgeted fund balance is adjusted and additional funds are appropriated to the reserve for operations and maintenance.
SHERIFF LAW ENFORCEMENT TRUST FUND (11305) $450,543 - Budgeted fund balance is adjusted and additional funds are appropriated to reserves.
CONVENTION AND VISITOR'S BUREAU FUND (11405) $2,125,000 - Budgeted fund balance is adjusted and additional funds are appropriated for marketing and promotional activities ($856,250), for computer system upgrades related to the ERP second rollout ($375,480), and to reserves ($893,270). This is also reducing the budgeted transfer from the Four Cent Tourist Development Tax Fund to this fund by <$4,635,000> and increasing the transfer to this fund from the Civic Arena debt service fund that is funded with the Two Cent Tourist Development Taxes by $4,635,000.
CONVENTION CENTER FUND (11410) $5,987,000 - Adjust budgeted fund balance by $1,352,000 and increase the transfer from the Four Cent Tourist Development Tax to this fund by $4,635,000. Appropriate $172,530 for computer system upgrades related to the ERP second rollout and $5,814,470 to reserves.
TWO CENT TOURIST TAX REVENUE (11415) $29,000 - Budgeted fund balance is adjusted and additional funds are appropriated for personnel services for the fund's share of one Records, Taxes, and Treasury support staff position to aid in the collection of Tourist Development Taxes.
FOUR CENT TOURIST DEVELOPMENT TAX FUND (11420) $1,226,000 - Budgeted fund balance is adjusted and additional funds are appropriated for personnel services for the fund's share of one Records, Taxes, and Treasury support staff position to aid in the collection of Tourist Development Taxes ($34,670) and to the revenue stabilization reserve ($1,191,330). Reduce the budgeted transfer from this fund to the Convention & Visitors Bureau by <$4,635,000> and increase the transfer from this fund to the Convention Center by $4,635,000.
COUNTY TRANSPORTATION TRUST FUND (CTTF) (11505) $3,395,000 - Budgeted fund balance is adjusted and additional funds are appropriated to purchase heavy equipment parts ($250,000), for computer system upgrades related to the ERP second rollout ($1,546,210), and to the reserve for emergencies and cash flow.
CONSTITUTIONAL GAS TAX FUND (11510) $776,000 - Budgeted fund balance is adjusted and additional funds are appropriated to the Constitutional Gas Tax Capital Projects Fund.
CTTF ROAD IMPACT FEE FUND (11515) $3,161,000 - This action appropriates the fund balance attributable to Road and Transit Impact Fees collected in prior fiscal years to reserves for future capital projects.
LOCAL OPTION GAS TAX FUND (11520) $1,138,000 - Budgeted fund balance is adjusted and additional funds are appropriated to the Engineering Capital Projects Fund.
TRANSIT CONCURRENCY FUND (11525) $2,566,000 - Budgeted fund balance is adjusted and additional funds are appropriated to a reserve for transportation related capital projects.
TRANSPORTATION SURTAX FUND (11600) $192,848,347 - Transportation surtax proceeds for Fiscal Year 2019 are budgeted and appropriated to reserve pending approval by the Board of County Commissioners and the Surtax Oversight Board. Approved appropriations by the Surtax Oversight Board will be transferred out of reserve by future Board action Fiscal Year 2019.
|