Agenda Item Name:
Title
Parks and Open Spaces - Move budget to align with upcoming projects
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Presenter:
Maureen Rischitelli 352-337-6110
Description:
Move budget among budget account lines in order to align with planned projects. Budget is already in the projects; this adjustment will make the projects and budgets match.
Recommended Action:
Recommended Action
Approve budget amendment 2022-740 to move budget into the appropriate account lines to match budget already in projects.
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Prior Board Motions:
N/A
Fiscal Consideration:
Fiscal Consideration
No impact, moving budget among lines. The budget is already in the projects, this just makes the GL budget match the project budget.
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Strategic Guide:
N/A
Background:
Project budgets carry on year to year until the budget in the project is fully spent, budget is removed or the project is closed. The general ledger budget, the one that is presented to and approved by the BCC, is established with budget in specific account lines. Sometimes the account lines with the budget do not match line-for-line what is in the project budgets and budget amendments are required to realign them.
There are several Parks projects for which the project budget is established, but the General Ledger budget side doesn’t match on a line-for-line basis. This budget amendment moves the general ledger budget to match the project budget; once the department is ready to start the next project, the project will have budget exactly where it is needed to begin the procurement process.
The budget in the projects is correct; there is no need to move budget into the projects, just among the general ledger lines in order to match the project budgets.