Supplemental Budget Amendment #018 - SRIA Contribution for Traffic Calming Zone
From:
Stephan Hall, Budget Manager
Organization:
Asst County Administrator
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Supplemental Budget Amendment #018 - Stephan Hall, Budget Manager, Management and Budget Services
That the Board adopt the Resolution approving Supplemental Budget Amendment #018, Local Option Sales Tax Fund (352), in the amount of $1,045,000, to recognize proceeds from the Santa Rosa Island Authority (SRIA) in accordance with an Interlocal Agreement between Escambia County and the SRIA approved October 8, 2015, and to appropriate these funds for construction of a traffic calming zone on County Road (CR) 399 adjacent to the Portofino Condominiums on Pensacola Beach.
BACKGROUND:
On October 8, 2015, the Board approved an Interlocal Agreement between Escambia County and the Santa Rosa Island Authority (SRIA), relating to the construction of a traffic calming zone on County Road (CR) 399, adjacent to the Portofino Condominiums on Pensacola Beach. The agreement provides for the SRIA to contribute up to $1,055,000 towards the construction, and the SRIA has provided a check for $1,045,000 that is being appropriated with this supplemental budget amendment.
BUDGETARY IMPACT:
This amendment will increase Fund 352 by $1,045,000.
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.