Agenda

Back to Calendar Return

County Administrator's Report 11. 1.

BCC Regular Meeting - Canceled

Budget & Finance Consent

Meeting Date:	04/21/2016
Issue: Supplemental Budget Amendment #128 - IIDC Water & Sewer Grant Reduction
From:	Stephan Hall
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #128 - Stephan Hall, Budget Manager, Management and Budget Services

That the Board adopt the Resolution approving Supplemental Budget Amendment #128, Local Option Sales Tax (LOST) Fund 352, in the amount of ($75,150), to recognize a reduction in the design and construction portion of the IIDC Water and Sewer Grant and to use the $75,150 in Grant funding to cover the costs of the Kenneth Horne Study and City of Gulf Breeze service reimbursements.

BACKGROUND:

The County recieved the IIDC Water and Sewer Grant providing funds for design and construction improvements on the Innerarity Island water and sewer system. A portion of these funds needs to be used to fund the second Kenneth Horne Study that updates the cost and functionality of the system and also provide funding for services provided by the City of Gulf Breeze to the system.

LOST funds cannot be used for study costs or operating costs associated with the Innerarity Water System.

BUDGETARY IMPACT:

This amendment will decrease Fund 352 in the amount of $75,150. These reimbursements, when received will be returned to the IIDC account that originally paid the costs.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Board policy requires increases and decreases in revenue to be approved by the Board.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA#128