Supplemental Budget Amendment #103 - Insurance Proceeds from Damage to County Property
From:
Stephan Hall, Budget Manager
Organization:
Asst County Administrator
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Supplemental Budget Amendment #103 - Stephan Hall, Budget Manager, Management and Budget Services
That the Board adopt the Resolution approving Supplemental Budget Amendment #103, Transportation Trust Fund (175), in the amount of $22,202, to recognize insurance proceeds received for damage to a traffic signal at Fairfield Drive and Palafox Street, and to appropriate these funds into the Traffic Operations Cost Center from where repair costs were expended.
BACKGROUND:
Escambia County received insurance reimbursements totaling $22,202 for damage to a traffic signal at Fairfield Drive and Palafox Street. Repairs were done by the Traffic Operations division, so the proceeds are reimbursing that cost center (211201).
BUDGETARY IMPACT:
This amendment will increase Fund 175 by $22,202.
LEGAL CONSIDERATIONS/SIGN-OFF:
N/A
PERSONNEL:
N/A
POLICY/REQUIREMENT FOR BOARD ACTION:
Board policy requires increases and decreases in revenues to be approved by the Board.