Agenda

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County Administrator's Report 12. 21.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	05/07/2020
Issue: Supplemental Budget Amendment #093 - Reimbursement from CSX Transportation for Ten Mile Road Signal Crossing Improvement
From:	STEPHAN HALL
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #093, Joy Jones, P.E., Engineering Department Director - Stephan Hall, Budget Manager, Management and Budget Services

That the Board adopt the Resolution approving Supplemental Budget Amendment #093, Local Option Sales Tax III (Fund 352), in the amount of $22,570, to recognize a reimbursement from CSX Transportation (CSXT) of funds paid for the Ten Mile Roadway signal crossing improvements project, and to appropriate these funds back into the LOST III project budget.

Escambia County and CSX Transportation entered into a Preliminary Engineering Agreement in Fiscal Year 2013, in which Escambia County agreed to pay for signal crossing improvements on Ten Mile Road in conjunction with a drainage improvement project. Escambia County paid a deposit to CSXT, in the amount of $35,640, but actual costs were less, resulting in a reimbursement due of $22,570. These funds have been received and need to be transferred back into the project's budget.

BACKGROUND:

Escambia County and CSX Transportation entered into a Preliminary Engineering Agreement in Fiscal Year 2013, in which Escambia County agreed to pay for signal crossing improvements on Ten Mile Road in conjunction with a drainage improvement project. Escambia County paid a deposit to CSXT, in the amount of $35,640, but actual costs were less, resulting in a reimbursement due of $22,570. These funds have been received and need to be transferred back into the project's budget.

BUDGETARY IMPACT:

This Amendment will increase Fund 352 by $22,570.

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

Increases and decreases in revenue must be approved by the Board per F.S. 129.06 - Execution and amendment of budget.

IMPLEMENTATION/COORDINATION:

N/A

Attachments
SBA #093