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County Administrator's Report 13. 11.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	11/01/2018
Issue: Supplemental Budget Amendment #010 - Settlement Balance for Perdido Key Fire Station
From:	Stephan Hall
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #010 - Stephan Hall, Budget Manager, Management & Budget Services

That the Board adopt the Resolution approving Supplemental Budget Amendment #010, General Fund (001), in the amount of $236,000, to recognize the remaining portion of the settlement regarding necessary repairs to the Perdido Key Fire Station due to various construction defects and to appropriate these funds to cover all repairs to the Perdido Key Fire Station (Project #19PF0419).

BACKGROUND:

The County has recieved settlement checks for necessary repairs to the Perdido Key Fire Station's drive way and retaining wall from the contracted builder due to construction defects. These funds are to be placed into General Fund Project # 19PF0419 - Perdido Key Fire Station Repairs, to remedy the issues noted in the settlement. The total settlement amount is $451,000 with $215,000 already being received and recognized.

BUDGETARY IMPACT:

This amendment will increase the General Fund Budget by $236,000 (Project #19PF0419).

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

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

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA #010