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Agenda 07/09/2024 Item #16B10 (Recomendation to recognize and apporpriate revenue to the Traffic Operations cost center (163630) in the amount of $209,692.48)07/09/2024 EXECUTIVE SUMMARY Recommendation to recognize and appropriate revenue to the Traffic Operations cost center (163630) in the amount of $209,692.48 for Fiscal Year 2024, and authorize the attached Budget Amendment. OBJECTIVE: To recognize and appropriate revenue to the Traffic Operations Division cost center (163630), in the amount of $209,692.48 for Fiscal Year 2024. CONSIDERATION: The Division of Traffic Operations is responsible for the maintenance, repair and replacement of County owned traffic signals, signs, and streetlights. Due to numerous vehicle crashes, costs for necessary repairs and replacements exceeded the expected annual routine maintenance cost. The materials needed to make these repairs were purchased out of each of the individual operating budgets and submitted for insurance reimbursement. As insurance money comes in, the cost of materials is reimbursed to the cost center under Insurance Company Refunds Revenue. This item is consistent with the Collier County Strategic Plan objectives to optimize the useful life of public infrastructure and resources through proper planning and preventative maintenance. FISCAL IMPACT: A budget amendment is necessary to recognize revenues of $209,692.48 for Traffic Operations (163630) and place the revenue in the proper expense appropriation within Transportation Services General Fund (1001-163630). GROWTH MANAGEMENT IMPACT: This recommendation is consistent with the Long -Range Transportation Plan and Objective 1 of the Transportation Element of the Collier County Growth Management Plan to maintain the major roadway system at an acceptable Level of Service. LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires majority vote for Board approval. -JAK RECOMMENDATION: ' That the Board authorizes the recognition and appropriation of revenue to the Traffic Operations Division cost center (163630), in the amount of $209,692.48 for Fiscal Year 2024, and authorize the attached Budget Amendment. Prepared by: Valerie Fleming, Budget Analyst, Operations Support Division I Packet Pg. 492 07/09/2024 COLLIER COUNTY Board of County Commissioners Item Number: 16.B. 10 Doe ID: 29231 Item Summary: Recommendation to recognize and appropriate revenue to the Traffic Operations cost center (163 63 0) in the amount of $209,692.48 for Fiscal Year 2024, and authorize the attached Budget Amendment. Meeting Date: 07/09/2024 Prepared by: Title: Operations Coordinator — Transportation Engineering Name: Valerie Fleming 06/20/2024 3:19 PM Submitted by: Title: Division Director - Transportation Eng — Transportation Engineering Name: Jay Ahmad 06/20/2024 3:19 PM Approved By: Review: Transportation Management Services Department Jeanne Marcella Department Road Maintenance Jeanne Marcella TMSD Reviewer Transportation Management Operations Support Tara Castillo Transportation Management Services Department Trinity Scott County Attorney's Office Office of Management and Budget Office of Management and Budget County Manager's Office Board of County Commissioners Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Debra Windsor Level 3 OMB Gatekeeper Review Agnieszka Chudy OMB Reviewer Geoffrey Willig Level 4 County Manager Review Geoffrey Willig Meeting Pending Transportation Management Services Completed 06/21/2024 7:42 AM Skipped 06/24/2024 10:39 AM TMSD Reviewer Completed 06/24/2024 10:51 AM Transportation Completed 06/28/2024 9:23 AM Completed 06/28/2024 9:25 AM Completed 06/28/2024 10:48 AM Completed 06/28/2024 1:32 PM Completed 07/02/2024 5:09 PM 07/09/2024 9:00 AM I Packet Pg. 493 1