Agenda

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County Administrator's Report 12. 20.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	07/18/2019
Issue: Supplemental Budget Amendment #210 - Reimbursement from US Navy for OLF-X Services
From:	STEPHAN HALL
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #210 - Stephan Hall, Budget Manager, Management and Budget Services

That the Board adopt the Resolution approving Supplemental Budget Amendment #210, Local Option Sales Tax III Fund (352), in the amount of $110,000, to recognize a reimbursement from the US Navy for unused administrative and professional costs in relation to the OLF-X project, and to appropriate these funds back into the project's budget.

BACKGROUND:

Escambia County has received reimbursement from the US Navy for their professional and administrative services in relation to the OLF-X project, and per the Agreement recently passed by the Board, which reimburses the County for unused administrative and professional costs. These funds will be appropriated back to the LOST III project's budget.

BUDGETARY IMPACT:

This Amendment will increase Fund 352 by $110,000.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Board policy requires increases or decreases in revenues to be approved by the Board.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA #210