Agenda

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County Administrator's Report 12. 10.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	05/21/2015
Issue: Supplemental Budget Amendment #141 - Funds for the Tugboat "Ocean Wind" Artificial Reef
From:	Stephan Hall
Department:	OMB
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #141 - Stephan Hall, Management and Budget Services Interim Department Director

That the Board adopt the Resolution approving Supplemental Budget Amendment #141, Escambia County Restricted Fund (101), in the amount of $8,900, to recognize funds received from dive shops, divers, and other reef stakeholders, and to appropriate these funds for the purchase and deployment of the tugboat "Ocean Wind" to be used as an artificial reef.

BACKGROUND:

On January 8, 2015, the Board of County Commissioners approved the acquisition of the tugboat "Ocean Wind" for deployment as an artificial reef, contingent upon the receipt of the Grant Agreement from Florida Fish and Wildlife. The Board subsequently approved the Grant Agreement on April 23, 2015. Additional funds for the "Ocean Wind" project was pledged through a public stakeholder initiative. To date $8,900 has been received from dive shops, divers and other reef stakeholders for the purchase and deployment of "Ocean Wind".

BUDGETARY IMPACT:

This amendment will increase Fund 101 by $8,900.

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.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA# 141