Agenda

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4. D.

Budget Public Hearing

Meeting Date:	09/24/2013
Issue: Budget Adjustment to the FY 2013/2014 Tentative Budget
From:	Amy Lovoy
Department:	OMB
CAO Approval:

Information

RECOMMENDATION:

Board Adoption of a Resolution in the increased amount of $4,797,045 amending the Tentative Fiscal Year 2013/2014 Budget – Chairman Gene M. Valentino

That the Board adopt the Resolution amending the Fiscal Year 2013/2014 Tentative Budget in the increased amount of $4,797,045, for the following Funds:

General Fund (001)
Tourist Development Fund (108)
Other Grants & Projects Fund (110)
Jail Inmate Commissary Fund (111)
Library Fund (113)
Misdemeanor Probation Fund (114)
Development Review Fees (116)
SHIP Fund (120)
CDBG Entitlement Fund (129)
HUD Home Fund (147)
Bob Sikes Toll Fund (167)
Transportation Trust Fund (175)
LOST III Fund (352)
Building Inspections Fund (406)
Civic Center Fund (409)
Internal Service Fund (501)

BACKGROUND:

This adjustment to the tentative budget recognizes and appropriates changes that have occurred since the budget workshops. These changes include but are not limited to the following:

Increase in the Revenue estimate for the Half-Cent Sales Tax - $1,328,568
Decrease in Ad-Valorem Property Taxes associated with the County fully funding the Library System - $1,349,171
Increase in the General Fund Fund Balance as a result of a portion of the Sheriff's Internal Service Fund being returned to the County - $1,500,000
Creation of the Jail Commissary Fund for prisoners - $1,566,768
Increase in the 2014 SHIP Grant - $526,015

BUDGETARY IMPACT:

N/A

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

N/A

Attachments
FY13/14 Budget Adjustments