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County Administrator's Report 12. 6.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	05/21/2015
Issue: SBA#135 - April 2014 Flood/Disaster Insurance Proceeds
From:	Stephan Hall
Department:	OMB
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #135 - Stephan Hall, Management and Budget Services Interim Department Director

That the Board adopt the Resolution approving Supplemental Budget Amendment #135, Internal Service Fund (501), in the amount of $7,500,000, to recognize insurance proceeds received from the 2014 Flood/Disaster event, and to appropriate these funds to be used for repair and maintenance and other insurable activities for the continuity of Board of County Commissioner (BCC) operations.

BACKGROUND:

Escambia County has received an insurance reimbursement check from Ace (Westchester) ($7.5 million) from the April 2014 Flood/Disaster event. These funds will assist with the continuity of operations for the various BCC Departments. The County has received a total of $25 million in property damage insurance reimbursements to date due to the flood.

BUDGETARY IMPACT:

This amendment will increase Fund 501 in the amount of $7,500,000.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Board policy requires increases or decreases in funds to be approved by the Board.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA#135