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County Administrator's Report 17. 3.

BCC Regular Meeting

Budget & Finance Consent

Meeting Date:	10/20/2016
Issue: Supplemental Budget Amendment #300 - IIDC Water and Sewer Grant
From:	Stephan Hall
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Supplemental Budget Amendment #300 - Stephan Hall, Budget Manager, Management and Budget Services

That the Board adopt the Resolution approving Supplemental Budget Amendment #300, Escambia County Restricted Fund (101), in the amount of $75,150, to recognize a portion of the Innerarity Island Development Corporation (IIDC) Water and Sewer Grant in Fund 101 and to appropriate these Grant funds to cover IIDC operating costs including the cost of City of Gulf Breeze service reimbursements.

BACKGROUND:

The County received the IIDC Water and Sewer Grant in the sum of $1,000,000, of this amount $924,850 has been recognized in the Local Options Sales Tax (LOST) Fund 352, this SBA recognizes $75,150 in the Escambia County Restricted Fund (101) for costs associated with IIDC Operating.

Escambia County's Innerarity Water and Sewer Upgrade project plays a vital role in the health and well-being of its citizens and communities.

On January 27, 2014, the Innerarity Island Development Corporation formerly filed a note of abandonment pursuant to Florida Statute 367.165(1), and on March 21, 2014, the First Judicial Circuit Court ordered Escambia County to become the receiver of this now-abandoned water and wastewater utility system.

An Agreement in principal has been reached between Emerald Coast Utilities Authority (ECUA) and Escambia County for ECUA to accept ownership and maintenance of the water and sewer system upon completion of reconstruction to bring the utility to current standards.

BUDGETARY IMPACT:

This amendment will increase Fund 101 by $75,150.

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#300