Recommendation Concerning Supplemental Budget Amendment #021 - Stephan Hall, Budget Manager, Management and Budget Services
That the Board adopt the Resolution approving Supplemental Budget Amendment #021, Local Option Sales Tax (LOST) Fund (352) in the amount of $47,493, to recognize a reimbursement from the Emerald Coast Utilities Authority (ECUA) per the Interlocal Cost Sharing Agreement, and appropriating funds for the Olive Road West utility relocations.
BACKGROUND:
Funds were received from ECUA for utility relocations on Olive Road West per the Interlocal Cost Sharing Agreement between ECUA and Escambia County. SBA #021 appropriates $47,493 to the Olive Road Project #10EN0363.
BUDGETARY IMPACT:
This amendment will increase Fund 352 by $47,493.
LEGAL CONSIDERATIONS/SIGN-OFF:
N/A
PERSONNEL:
N/A
POLICY/REQUIREMENT FOR BOARD ACTION:
Board policy requires increases or decreases in revenues to be approved by the Board.