Agenda

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County Administrator's Report 12. 8.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	08/01/2019
Issue: Supplemental Budget Amendment #228 - ECUA Contribution for Interlocal Cost Sharing Agreement, Olive Road Phase 2
From:	STEPHAN HALL
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #228 - Stephan Hall, Budget Manager, Management and Budget Services

That the Board adopt the Resolution approving Supplemental Budget Amendment #228, Local Option Sales Tax IV (Fund 353), in the amount of $264,117, to recognize proceeds from Escambia County Utilities Authority (ECUA) for reimbursement for the Interlocal Cost Sharing Agreement for the Olive Road East Multi Lane Reconstruction and Drainage Project Phase 2, and to appropriate these funds back into the LOST IV project budget.

BACKGROUND:

Escambia County Engineering has received ECUA's contribution for the Interlocal Cost Sharing Agreement for the Olive Road East Multi Lane Reconstruction and Drainage Project, Phase 2, and these proceeds need to be transferred back into the project's budget. The amount of the contribution is $264,117.

BUDGETARY IMPACT:

This Amendment will increase Fund 353 by $264,117.

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#228