SUBJECT:
Title
Request Renewal of Federal Forestry Shared Revenue for Special Projects FY 2024-25
Body
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INITIATOR: |
DEPARTMENT: |
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Audrey L. Fowler, Budget Director |
Budget |
DESCRIPTION/BACKGROUND:
Before September 30, prior to each fiscal year, the Board is required to designate the percentage of Federal Forestry Shared Revenue to be set aside for special projects, 15%-20% (currently 15%). Also, the Board must designate the type of projects to be funded, Title II or Title III. Title III grants must not exceed 7%. These annual designations are necessary in order for the county to continue to receive such portion of funding from Federal Forestry Shared Revenues. Lack of designation of these funds for special projects will result in the 15% portion of revenues to revert back to the Treasury of the United States.
BUDGET/IMPACT:
None; provides funding for qualified Title II programs $468,616 (8%) and Title III programs $410,039 (7%).
RECOMMENDED ACTION:
Recommended action
Motion to authorize the Chair to notify the Office of the Florida Department of Financial Services of the County’s designation to set aside the 15% of Forestry Shared Revenues with Title II receiving 8% and Title III receiving 7%.
end