SUBJECT:
Title
Multiple Funds - Capital Project Re-appropriation Reconciliation
Body
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INITIATOR: |
DEPARTMENT: |
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Audrey L. Fowler, Budget Director |
Budget |
DESCRIPTION/BACKGROUND:
During budget preparation, county departments estimated their capital project expenditures through September 30, 2025, and requested re-appropriation of budget to FY 2025-26 for any anticipated project balances. The Adopted Budget includes these remaining estimates as "carry-forward" in the capital detail. Upon the final payment of FY 2024-25 expenditures, it may be necessary to adjust the account's line-item budget to increase or decrease the FY 2025-26 appropriations to reflect the remaining project balances. The Budget Office has performed a reconciliation of all Capital Improvement Projects and are presenting the following Budget Amendment Resolutions for the necessary line-item adjustments
BUDGET/IMPACT:
Decrease General Fund appropriation by $5,288,489.
Decrease Parks and Recreation Fees Fund appropriation by $1,845,714.
Increase Medical Examiner Fund appropriation by $16,824.
Increase American Rescue Plan Local Fiscal Fund appropriation by $1,522,945.
Increase Marion Oaks MSTU appropriation by $17,633.
Decrease Infrastructure Surtax Capital Project Fund appropriation by $11,665,154.
Increase Marion County Utility Fund appropriation by $1,204,570.
Decrease Insurance Fund appropriation by $1,496,389.
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolutions.
end