Agenda

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County Administrator's Report 13. 15.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	11/06/2014
Issue: Supplemental Budget Amendment #22 - Innerarity Island Development Corporation (IIDC) Revenues
From:	Amy Lovoy
Department:	OMB
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #022 to Recognize Revenues from IIDC - Amy Lovoy, Management and Budget Services Department Director

That the Board adopt the Resolution approving Supplemental Budget Amendment #022, Escambia County Restricted Fund (101), in the amount of $181,186, to recognize revenues from Island Innerarity Development Corporation (IIDC) and to appropriate these funds for the purchase of water and wastewater services, costs of administration, and other operating costs of the system.

BACKGROUND:

On February 18, 2014, the Board voted to become the receiver for IIDC. This water and wastewater system provides services to certain residents in the Innerarity area. This supplemental budget amendment recognizes the anticipated receipts from these water and wastewater services and appropriates these funds to pay the operational costs of the system.

BUDGETARY IMPACT:

This supplemental budget amendment will recognize the revenues for water and wastewater services and appropriates the funds for the costs of the system.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

N/A

Attachments
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