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County Administrator's Report 15. 16.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	12/14/2017
Issue: SBA #023 - Insurance Advance for MC Blanchard Building Water Damage Claim
From:	Stephan Hall
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #023 - Stephan Hall, Budget Manager, Management and Budget Services

That the Board adopt the Resolution approving Supplemental Budget Amendment #023, Internal Service Fund (501), in the amount of $516,000, to recognize the receipt of an insurance advance from AmWins Allianz Nephila, for the water damage claim of the M.C. Blanchard Building, sustained on November 29, 2016.

BACKGROUND:

Escambia County has received an insurance advance from AmWins Allianz Nephila in the amount of $516,000 for the water damage claim for the MC Blanchard Building. The damage to the building was sustained on November 29, 2016 and this is the insurance advance which will be placed into the Internal Service Fund (501) in Cost Center 140836 (Buildings) and account 54601 (Repairs & Maintenance) to offset repair costs of the building repairs.

BUDGETARY IMPACT:

This amendment will increase Fund 501 by $516,000.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

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

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA #023