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.
FLL OPERATING FUND (40100) - $5,683,670 - Budgeted fund balance is adjusted and $3,251,030 is budgeted for additional purchased insurance due to an increase in property values per the most recent appraisal; $323,340 is appropriated for additional law enforcement services for the remainder of the fiscal year per Amendment 11 to the agreement between BSO and FLL; $92,730 is transferred to the Aviation Disaster Recovery Fund to cover Hurricane Irma costs relating to the airport; and $2,016,570 is appropriated to reserves.
HWO OPERATING FUND (40200) - $351,670 - Budgeted fund balance is adjusted and additional funds are appropriated to purchased insurance ($31,100) and to reserve ($320,570).
AVIATION REVENUE BOND FUND (40300) - <$40,804,320> - Budgeted fund balance is adjusted and reserves are reduced accordingly.
DISASTER RECOVERY FOR AVIATION FUND (40600) - $0 - Budgeted fund balance is adjusted <$92,730> and a transfer from the FLL Operating Fund is budgeted to cover the shortfall.
PORT EVERGLADES OPERATING FUND (42100) - <$17,058,000> - Budgeted fund balance is adjusted and additional funds are appropriated to budget special assessment of GASB 87 impacts regarding leases ($50,000) and to reimburse the U.S. Department of Transportation for their costs associated with the TIFIA loan ($250,000). The transfer to capital is reduced accordingly <$17,358,000>.
PORT EVERGLADES CAPITAL FUND (42250) - $1,045,684 - Budgeted fund balance is adjusted ($17,869,000), revenues are adjusted due to grant project close-outs ($534,684), and the transfer from the operating fund is reduced due to the financial reporting of investments <$17,358,000>. Funds are reallocated from reserves for ERP allocation ($3,127,860) and reserves are adjusted accordingly ($1,045,684).
WATER AND WASTEWATER OPERATING FUND (44100) - $0 - Funds are reallocated from reserve to computer system upgrade for the ERP project allocation ($3,200,000).
WATER AND WASTEWATER CAPITAL FUND (44250) - $0 - Budgeted fund balance is adjusted ($5,790,000) and budgeted bond proceeds are decreased <$5,790,000> to offset the adjustment to fund balance.
WATER MANAGEMENT FUND (44700) - $187,061 - Budgeted fund balance is adjusted and the additional funds are appropriated to reserves.
SOLID WASTE FUND (47100) - $1,111,490 - Budgeted fund balance is adjusted <$516,010>, tipping fee revenue is increased to reflect increased tonnages disposed of at the Southwest Regional Landfill ($1,450,650), and reimbursement revenues for the Bulk Waste and Yard Waste ($33,520) and Household Hazardous Waste (HHW) and Electronics Recycling ($143,330) programs increase to reflect the addition of new cities to each program’s Interlocal Agreement.
Funds are appropriated to address various grounds maintenance needs at the Ash Monofill and Central Residential Drop-off Center ($90,620), land improvements at the Southwest Regional Landfill ($25,000), and cost increases related to new cities joining the Bulk Waste and Yard Waste and HHW & Electronics Recycling programs ($208,400). Funds are transferred from the reserve for landfill closure <$2,000,000> to cover closure costs at the Ash Monofill ($2,000,000) and additional funds are appropriated to the reserve for Solid Waste programs ($787,470).
BROWARD MUNICIPAL SERVICES DISTRICT AREA WASTE COLLECTION FUND (47150) - <$143,000> - Budgeted Fund balance is adjusted and reserves are reduced accordingly. Additionally, $50,000 is transferred from reserves to cover anticipated cost increases for trash collection in the Broward Municipal Services District.
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