BR-pWARD. Broward County Commission Public Hearing Meeting Date: 03/10/2015 Director's Name: Kayla Olsen. Submitted By: Management & Budget

Transcription

1 BR-pWARD : ~+ cou~{r'( I :... Broward County Commission Public Hearing Meeting : 03/10/2015 Director's Name: Kayla Olsen Department: Management & Budget Submitted By: Management & Budget Requested Action MOTION TO ADOPT supplemental budget Resolution within the Special Revenue Funds in the amount of 16,710,341 to recognize the audited fund balance; adjust other budgeted revenues and appropriate funds to reserves and other commitments. Why Action is Necessary Supplemental budgets are required whenever existing revenue sources, such as fund balance, are increased or decreased and the change results in an increase or decrease in the bottom line of the fund. What Action Accomplishes The primary purpose of this supplemental budget is to recognize the difference between the audited fund balance and the current budgeted fund balance of each fund. Is this Action Goal Related Previous Action Taken None Summary Explanation/Background Staff presents three supplemental budgets per year to the Board. This item, which is the second supplemental budget, is primarily for the purpose of recognizing the audited fund balances. In general, additional fund balance is appropriated to the reserve or other commitments. COUNTY TRANSPORTATION TRUST FUND (CTTF) (1010) - 1,617,640 - Budgeted fund balance is adjusted to reconcile with the audited financial statements. A portion of the funds are transferred to the General Capital Outlay Fund (3010) for this fund's share of ERP rollout one (1,452,700) and for the purchase of local government radios for the CTTF agencies (157,480). Additional funds are appropriated to the Reserve for ERP (146,210) to fund the remaining ERP cost share for this fund and an adjustment is made to the Reserve for Emergencies and Cash Flow <138,750>. CONSTITUTIONAL GAS TAX FUND (1020) - 455,000 - Budgeted fund balance is

2 adjusted to correspond to the audited fund balance. The funds are transferred to the Constitutional Gas Tax Capital Projects where they are appropriated to a reserve. CTTF ROAD IMPACT FEE FUND (1030) - 1,895,470 - This action transfers the fund balance attributable to Transit Impact Fees collected in the prior fiscal year to the Transit Capital Non-Grant Fund (39,109) and appropriates the fund balance attributable to Road Impact Fees collected in the prior fiscal year to reserves (1,856,361) for future capital projects. LOCAL OPTION GAS TAX (1040) - 3,612,000 - This action increases the budgeted fund balance to reconcile with audited financial statements and transfers the funds to the Engineering Capital Projects Fund (3150) where they will be reserved for future capital projects. TRANSIT CONCURRENCY FUND (1050) - 3,078,950 - Budgeted fund balance is adjusted to correspond to the audited fund balance. The funds are appropriated to reserve for future transit capital projects. CONVENTION AND VISITOR'S BUREAU FUND (1070) - 2,761,000 - Budgeted fund balance is adjusted to correspond to the audited fund balance. The funds are transferred to the General Capital Outlay Fund (3010) (577,530) for this fund's share of ERP rollout one and remaining funds are appropriated to the Reserve for Revenue Stabilization (2,307,630). The Reserve for ERP is also adjusted <124,160>. AIR TRUST FUND (1080) - <68,175> - Budgeted fund balance is adjusted to correspond to the audited fund balance and reserves are adjusted accordingly. CONVENTION CENTER FUND (1100) - 39,015 - Budgeted fund balance is adjusted to reconcile with the audited financial statements. The funds are transferred to the General Capital Outlay Fund (3010) (388,600) for this fund's share of ERP rollout one and for prior year commitments (31,013). Adjustments are made to the budgeted Reserve for ERP <380,598>. WATER CONTROL DISTRICT #2 (1110) - 736,000 - Budgeted fund balance is adjusted to correspond to the audited fund balance and reserves are adjusted accordingly. COCOMAR WATER CONTROL DISTRICT (1140) - 152,000 - Budgeted fund balance is adjusted to correspond to the audited fund balance and reserves are adjusted accordingly. WATER CONTROL DISTRICT #3 (1170) - 174,000 - Budgeted fund balance is adjusted to correspond to the audited fund balance and reserves are adjusted accordingly. LOCAL OPTION VESSEL REGISTRATION FUND (1180) - 49,441 - Budgeted fund balance is adjusted to correspond to the audited fund balance. Funds are appropriated for FY15 cost allocation charges and are also transferred to reimburse the Broward

3 Boating Improvement Fund (3440) for prior year cost allocation charges. WATER CONTROL DISTRICT #4 - (1190) - 259,000 - Budgeted fund balance is adjusted to correspond to the audited fund balance and reserves are adjusted accordingly. TWO CENT TOURIST DEVELOPMENT TAX FUND (1200) Budgeted fund balance is adjusted to correspond to the audited fund balance. Tourist development taxes are transferred back into this fund as all FY15 debt service obligations are already funded. The net result of these two revenue changes is zero. THREE CENT TOURIST DEVELOPMENT TAX FUND (1250) - 1,949,000 - Budgeted fund balance is adjusted to correspond to the audited fund balance and funds are appropriated to the Reserve for Revenue Stabilization. Source of Additional Information Kayla Olsen, Director, Office of Management and Budget, (954) Marci Gelman, Assistant Director, Office of Management and Budget, (954) Jennifer Steelman, Budget and Management Program Manager, Office of Management and Budget (954) Fiscal Impact Fiscal Impact/Cost Summary: The fiscal impact of these items is described above. Attachments Exhibit 1-2nd Supplemental Special Revenue Funds (15)

4 SupplementaI/SRF Osup2-EG J:t-<B - PH Resolution Exhibit 1-2nd Supplemental Special Revenue Funds (15) COUNTY TRANSPORTATION TRUST FUND (1010) Fund Balance Forward TOTAL 1,617,640 1,617, TT 3010 General Capital Outlay Reserve for ERP Reserve for Emergencies and Cash Flow 1,610, ,210 (138,750) 1,617,640 ADOPTED THIS \ ' b~ day of ---=-vlkj--ca- ----><'----, A. D., 20 J~

5 SupplementaI/SRF sup2-EG -ttb- P U Resolution CTTF CONSTITUTIONAL GAS TAX FUND (1020) Fund Balance Forward 455,000 TOTAL 455,000 Transfer to 3155 Constitutional Gas Tax Capital Projects 455,000 RIATIONS 455,000 Approve ADOPTED THIS D~ \ day of _~~ '---, A.D., 20 \~.

6 Resolution CTTF ROAD IMPACT FEES FUND (1030) Fund Balance Forward 1,895,470 TOTAL 1,895, Transfer to Mass Transit Capital Non-Grant Reserve for Future Capital Outlay Zone 1 Reserve for Future Capital Outlay Zone 2 Reserve for Future Capital Outlay Zone 3 Reserve for Future Capital Outlay Zone 4 Reserve for Future Capital Outlay Zone 5 Reserve for Future Capital Outlay Zone 6 Reserve for Future Capital Outlay Zone 7 39, , , ,729 89,653 75, , ,559 TOTAL 1,895,470 r YaL-ch.- ADOPTED THIS -'-t.ft::-- \ -=-- day of,ad., 20 IS. ~\\"\"utll""",,,,,\\ 0 '" M I 8 '~"" " c,... 8i ~ ~'~ ' 0 ~ ~.l.' '. ~. ~... " -It' I g<... CREATED \ ~i :: :::.:::1. O:IXI OC 11t 5 O:,Ao 4 ":.. e:::a _. : VI_ ~ O ~.a ~: i.,. ~ L"!V... ';. '. ~-? '.. ~ -:". ". () cou~.. ~... ~...', * ~\'" '1111, \\\,,, Supplemental/S ~jlfjf~~o-1 030sup2 -EG

7 SupplementaI/SRF sup2-EG ' HQ,,-OIL Resolution CTTF LOCAL OPTION GAS TAX FUND (1040) Fund Balance Forward TOTAL 3,612,000 3,612, Transfer to 3150 Engineering Capital Projects TOTAL 3,612,000 3,612,000 f Management and Budget ADOPTED THIS _----lo... I...::... b *" day of \Va~cJ.--,A.D., 20 I~.

8 hup:llbcportal/sites/omb/bbalprep/2nd SupplementaI/SRF sup2-EG ~ D () II - Resolution TRANSPORATION CONCURRENCY FUND (1050) Fund Balance Forward 3,078,950 TOTAL 3,078, Reserve for Transit Improvements 3,078,950 3,078,950 ADOPTED THIS _---'I_O_~ day of \,ltq\l c.~, A.D., 20 \5. \\\\1" \' M m.,"," M 'I,,, ~,,\ 0 18 :fill.:,~ ~, C,.'/ ~,,,.' '.." ~..'.'. 0 ~.....;11"' ",. i~/ CREATED ". m; : 0 =tu OCT 1st o~:;o; -.:C '(1) =u ~~ 1915 g.: ~ :;. \"9'..-.. ~'v :, T(),.... ~ ~ ". Coutti"- ~ ~,.... :f, * ", "'" 11," III III,"\\""

9 SupplementaI/SRF sup2-JS.±t- Q - 0. d Resolution CONVENTION AND VISITOR'S BUREAU (1070) Fund Balance TOTAL 2,761,000 2,761, Reserve for Revenue Stabilization Reserve for ERP Transfer to General Capital Outlay Fund 2,307,630 (124,160) 577,530 TOTAL 2,761,000 Appro of Management and Budget ADOPTEDTHIS \ _b_~ dayof N~\L.c.L, A.D., 20 Js'-. \\\\"'\\"...""'I/. "", 0 MMIS I"", ~ v '/ '.,. ':-.J.,.' ", 0 ~... L" '. ~ ~".. '/;, ~ ~... CREATED... t"~ :;:,: 4~-,:l= =0 : ~ OCT 1st ~ : (I):: ;0 ~.q ,: ~ #.,../'0.1, ~ f;? A '<;" ~ ~ " () COU~\ ',.' ~,'" ~... ~~ if" '" * ", 11",,,,,,,,,\\\\' \'

10 ~~~~~~ Resolution AIR POLLUTION TRUST (1080) Fund Balance (68,175) TOTAL (68,175) Reserve for Revenue Stabilization (68,175) (68,175) r Approved Offi e of Management and Budget ~ ADOPTED THIS \D day of ----'-, ~... ~ A.D., 20 I~/. SupplementaI/SRF sup2-AA -d-~ _ 0 11.

11 SupplementaI/SRF OOsup2-JS -*~ - p. rl. Resolution CONVENTION CENTER FUND (1100) Fund Balance TOTAL 39,015 39, Contract Svc-Recurring Reserve For ERP Transfer to General Capital Outlay Fund TOTAL 31,013 (380,598) 388,600 39,015 f Management and Budget ADOPTED THIS --'-,...::c b_4\- day of Vvla..\l--Cl--, A.D., 20 L~". :\\\\',,,,,,,",, 1\\\" d. M, S 'I"" ~, " 0 t'i. 8 IO~ "''' ~ v..- _. ~.;:; \.' '. "A. ~... ~. -"., ". ' ~... i ~ / CREtt. 1EO ~\;o ~ : :J OC'" 1st 0, en: - -t'i)., _. :0 ~,~ 1915 ~: : ; \J t~ ~.: ~... ""IA ~, ~ ~., ',:ro _. CO'I~'. v._ " ~ ~... ~ "'1. ~ ", "" 7',\\ ""','II""'\,\

12 SupplementaI/SRF Osup2-EG -ttt3 - PH Resolution WATER CONTROL DISTRICT 2 FUND (1110) Fund Balance Forward TOTAL 736, , Reserve for Emergencies and Cash Flow 736, ,000 M1rnml1StJ:atbr l o.v-.. J\ I ~ "- ck- ADOPTED THIS day of ---:.1_ULl _, A.D., 20 Ir. 2-2 r--/5

13 htlp:llbcportai/sites/omb/bbalprep/2nd SupplementaI/SRF sup2-EG -tt<b.- Po 1+. Resolution COCOMAR WATER CONTROL DISTRICT FUND (1140) Fund Balance Forward TOTAL 152, , Reserve for Emergencies and Cash Flow 152, ,000 Appr )Jed County Administrator 2-2S-- /) VUall-~ ADOPTED THIS '()~ day of, A.D., 20 Is'.

14 SupplementaI/SRF sup2-EG %-9- \=< l..\ Resolution WATER CONTROL DISTRICT 3 FUND (1170) Fund Balance Forward 174,000 TOTAL 174, Reserve for Emergencies and Cash Flow 174, ,000 Approved 0 ADOPTED THIS ---'- I 0,,-- \.\. day of \Ma..~ CL, A.D., 20 )(". \\\\"'""","," "",~ 0 M At 1""'',",,4.,.. ~/ ~~ ",.'.O~ '~.'. ~-:.!::J / CREATED... ft\; =0 : til OCT 1st oct:;o = -,.;l,... ; 0 \~ 1915 #.,: "'...f ;....-?~ ~... ;" '+" * \\\' \,,,, 1111I.um'\'\\ ~,.OCo"'~ ~ ~. u"..- ~ ~... "

15 SupplementaI/SRF sup2-VS i±=/3- fp +J. Resolution ENHANCED MARINE LAW ENFORCEMENT FUND (1180) Fund Balance TOTAL 49,441 49, Reserve for Operating and Maintenance Cost Allocation Chargeback Tt 3440 BBIP (32,439) 29,200 52,680 49,441 Approved 0 of Management and Budget ADOPTED THIS I O~ day of

16 SupplementaI/SRF sup2-EG tf ~ f. \-\. Resolution WATER CONTROL DISTRICT 4 FUND (1190) Fund Balance Forward TOTAL 259, , Reserve for Emergencies and Cash Flow TOTAL 259, ,000 Appro 2-2) - /~ ADOPTED THIS \_D_~ day of _~, L,~ AD., 20 is. \\"\~'"II"111",\\... M '" ~"" 0 "' l.s I,,. ~ v.... 8/ '... ~~.,... O~ SO","' '. ~~ <-.:' CREATED \~; :=:>. T1t 4';0= =0 : ai ac s C: en = ~.~ _. ~t) ~q 1915 ~:' ~ ##.~ ~.- ~ '.'t'~ «.' ~ ~.()cou~. ' ~ ~ ',:!,~: ",~ * 'of.'i, I,'t",,, 1II ""\\\\\

17 SupplementaI/SRF sup2-JS :t±-8 - P. H Resolution TWO CENT TOT REVENUE FUND (1200) Fund Balance Transfer from Arena Bonds (1,600,000) 1,600,000 TOTAL 0 Ap Approved Off c 2-c~-)C;- \A.~ ADOPTED THIS 'v day of -=-- cj..- _~~, A. D., 20 I{"".

18 Resolution THREE CENT TOT REVENUE FUND (1250) Fund Balance TOTAL 1,949,000 1,949, Reserve for Revenue Stabilization TOTAL 1,949,000 1,949,000 ~~47~~--~~~~~ ~~~ App }5 f Management and Budget ADOPTED THIS \-,-D_~ day of ---,,-, ~cl A.D., 20, ~ SupplementaI/SRF sup2-JS