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County Administrator's Report 10. 2.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	10/09/2014
Issue: Supplemental Budget Amendment #3 - Payment in Lieu of Taxes Agreement (PILOT) with Sacred Heart Health System
From:	Amy Lovoy
Department:	OMB
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #3 Regarding the PILOT Agreement with Sacred Heart Health System - Amy Lovoy, Management and Budget Services Department Director

That the Board adopt the Resolution approving Supplemental Budget Amendment #3, General Fund (001), in the amount of $800,000, recognizing the proceeds from the Payment in Lieu of Taxes (PILOT) Agreement between Escambia County and Sacred Heart Health System, and appropriating these funds to make payments to the Agency for Health Care Administration (AHCA).

BACKGROUND:

The Board approved a PILOT agreement with Sacred Heart on September 23, 2014 that requires Sacred Heart to pay to the County a total of $800,000. These funds will be appropriated to make payments to the Agency for Health Care Administration (AHCA) on behalf of Sacred Heart.

BUDGETARY IMPACT:

The County has approved a Payment In-Lieu of Taxes (PILOT) agreement with the Sacred Heart. As a result, Sacred Heart will pay the County a total of $800,000. In 2012 the County executed an agreement with AHCA for $2,125,000, which was 100% reimbursed by Sacred Heart through a PILOT agreement. The County only wound up paying a total of $1,928,161 leaving $196,839 in funds remaining. A portion of these funds remaining will be used to pay the difference between the total AHCA agreements, $846,286, and the amount of the PILOT agreement, $800,000. This supplemental budget amendment recognizes and appropriates the proceeds of this agreement, $800,000 and moves the remaining amount $46,286, from Reserves for Operating to make payments to AHCA.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

N/A

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