MOTION TO ADOPT supplemental budget Resolutions within the Special Revenue Funds in the amount of $3,854,598 to amend revenues and appropriations prior to the close of the Fiscal Year.
(Deferred to Tuesday, September 26, 2017.)
Why Action is Necessary
Supplemental budgets are required whenever existing revenue sources are increased or decreased, resulting in a change in the total appropriations of a fund.
What Action Accomplishes
The primary purpose of this supplemental budget is to make year-end adjustments to facilitate the year-end closing process.
Is this Action Goal Related
Previous Action Taken
None.
Summary Explanation/Background
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 Office of Management and Budget recommends approval of the following year-end actions within the Special Revenue Funds:
BSO LAW ENFORCEMENT CONTRACT SERVICES FUND - $78,790 - Budgeted revenues and appropriations are increased primarily for additional personnel for the City of Cooper City.
LAW ENFORCEMENT TRUST FUND - $3,775,808 - Revenues received since the last supplemental budget are appropriated to reserves.
Source of Additional Information
Norman Foster, Director, Office of Management and Budget, 954-357-6346
Fiscal Impact
Fiscal Impact/Cost Summary:
The fiscal impact is detailed above in the Summary Explanation/Background section of the agenda item.
Attachments
Exhibit 1 - Third Supplemental Special Revenue Funds (2)