Supplemental Budget Amendment #227 - Reclassification of BP Oil Spill Settlement Funds to the Hurricane Sally Disaster Recovery Fund
From:
Amber McClure, Chief Budget Officer
Organization:
Asst County Administrator
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Supplemental Budget Amendment #227 - Reclassification of BP Oil Spill Settlement Funds to the Hurricane Sally Disaster Recovery Fund - Amber M. McClure, Chief Budget Officer, Management and Budget Services
That the Board adopt the Resolution approving Supplemental Budget Amendment #227, Hurricane Sally Disaster Recovery Fund (112), in the amount of $8,481,504, to recognize funds from the General Fund BP Oil Spill Settlement Funds (Cost Center 369303) and to appropriate $5,481,504 to Repair and Maintenance Expenses (Cost Center 330902; Object Code 54601) and $3,000,000 to Aid to Private Organizations (Cost Center 330906; Object Code 58201).
Fund Number
Fund Name
Revenue Code
Amount
112
Disaster Recovery
369303/Litigation Settlement
TOTAL
$8,481,504
$8,481,504
Fund Number/Name
Cost Center/Title
Account Code/Title
Amount
112/Disaster Recovery
330902/
Cat B Hurricane Sally
54601/
Repair and Maintenance
$5,481,504
112/Disaster Recovery
330906/
Sally 20 Projects
58201/ Aid to Private Organizations
$3,000,000
TOTAL
$8,481,504
BACKGROUND:
On September 24, 2020, the Board of County Commissioners discussed the appropriation of $5,481,504 to Repair and Maintenance for Hurricane Sally Expenses and $3,000,000 to Aid to Private Organizations.
BUDGETARY IMPACT:
This Amendment will decrease General Fund (001) by $8,481,504 and increase Fund 112 by $8,481,504.
Fund Number
Fund Name
Revenue Code
Amount
112
Disaster Recovery
369303/Litigation Settlement
TOTAL
$8,481,504
$8,481,504
Fund Number/Name
Cost Center/Title
Account Code/Title
Amount
112/Disaster Recovery
330902/Cat B Hurricane Sally
54601/
Repair and Maintenance
$5,481,504
112/Disaster Recovery
330906/Sally 20 Projects
58201/
Aid to Private Organizations
$3,000,000
TOTAL
$8,481,504
LEGAL CONSIDERATIONS/SIGN-OFF:
N/A
PERSONNEL:
N/A
POLICY/REQUIREMENT FOR BOARD ACTION:
Increases and decreases in revenue must be approved by the Board per F.S. 129.06 - Execution and amendment of budget.