Agenda

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2nd Budget Public Hearing

Meeting Date:	09/20/2016
Issue: Board Adoption of the FY2016/17 SRIA Budget
From:	Stephan Hall
Department:	Asst County Administrator
CAO Approval:

Information

RECOMMENDATION:

Board Adoption of the Fiscal Year 2016/2017 Annual Budget for the Santa Rosa Island Authority (SRIA)

BACKGROUND:

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BUDGETARY IMPACT:

Escambia County acquired the Public Safety and Public Works Divisions of the SRIA for FY2015/16 at a cost of $3,875,894 and included components of the Fire MSBU and EMS Funds. For FY2016/17 these two divisions are maintained by the County at a cost of $3,752,952; the reduction is due to the Island Authority contributing the $200k from Lease Fees for the Fire MSBU on the Beach.

The Island Authority's FY 2015/16 Budget was reduced by $4,320,346 or 48.03% from FY2014/15 with an Adopted FY2015/16 Budget of $4,675,061. For FY2016/17 the SRIA Budget is $5,090,406 and includes a new beach re-nourishment fund set-aside of $500k.

LEGAL CONSIDERATIONS/SIGN-OFF:

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PERSONNEL:

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POLICY/REQUIREMENT FOR BOARD ACTION:

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IMPLEMENTATION/COORDINATION:

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Attachments
FY2016/17 SRIA Budget