Agenda Item Name:
Title
FY22 Budget Amendment for Carry Forwards, Re-appropriations and Fund Balance Adjustments
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Presenter:
Maureen Rischitelli, Budget Manager 352-337-6110
Description:
Request adoption of resolutions, and approve budget amendment to amend the FY22 budget for carry forward, re-appropriations and fund balance adjustments.
Recommended Action:
Recommended Action
Adopt resolutions, and approve budget amendment.
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Prior Board Motions:
The Board adopted the FY22 Budget on September 28, 2021.
Fiscal Consideration:
Fiscal Consideration
General Fund Budget Increase $20,981,649
Total All Funds Budget Increase $158,400,053
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Background:
As provided for in the Board's policies, an adjustment to the FY22 budget is requested relating to carry forward of prior year encumbrances; re-appropriation of prior year projects and grants; appropriations of projects and other fund balance adjustments. As additional support, a worksheet summarizing the budget amendments by Superfund, Function and Category and a listing of the major adjustments explaining the changes are attached. Budget changes are explained in an attachment to the agenda.
$8 million was recovered as lost revenue from ARPA funds for FY21. From those funds the following uses were identified through the General Fund:
$2 Million for roads budgeted in the FY22 adopted budget
$1 Million to correct Park’s deficiencies in their land and building Risk Assessment
$1 Million to buy land and hire a design team for a new Animal Service complex
$1 Million Housing seed funds
$500,000 Rental program seed funds
$1.2 Million to fund claims in the self-insurance Fund 501 Worker’s Comp and G/L
$1.3 Million FY21 Expenditure support due to reduced revenue