Board Adoption of the Fiscal Year 2017/2018 SRIA Budget
From:
Stephan Hall, Budget Manager
Organization:
Asst County Administrator
CAO Approval:
Information
RECOMMENDATION:
Board Adoption of the Fiscal Year 2017/2018 Annual Budget for the Santa Rosa Island Authority
BACKGROUND:
N/A
BUDGETARY IMPACT:
Escambia County acquired the Public Safety and Public Works portions of the SRIA Budget for FY 2015/16. The total cost of these two divisions is $3,481,041 for Fiscal Year 2017/18 with a savings of roughly $200k from the FY 2016/17 Budget.
The Island Authority's FY 2016/17 Budget was $5,090,406 and included beach renourishment funds of $500k. The FY 2017/18 Budget is $5,175,618 with an increase of $85,212 for the payout of an anticipated retirement and a continuation of beach renourishment funds in the amount of $500k.