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BCC Agenda 07/23/2024 Item #11D (BArecognizing revenue deposits in the Disaster Recovery Fund related to Hurricane Ian claims)07/23/2024 EXECUTIVE SUMMARY Recommendation to authorize budget amendments to recognize $12,709,900 in revenues deposited in the Disaster Recovery Fund (1813) received from the insurance proceeds related to the Hurricane Ian claims, allocate $3,000,000 within the same fund (1813) for continuation of the wastewater recovery efforts and returning $9,709,900 back to the original funding sources which include Water Capital Fund (4012) ($429,100), and Wastewater Capital Fund (4014) ($9,280,800). OBJECTIVE: To recognize revenue received from the insurance proceeds for Hurricane Ian claims in the Disaster Recovery Fund (1813), allocate funds for continuation of recovery efforts and as well as returning funds back to the original funding sources. CONSIDERATIONS: On September 28, 2022, Hurricane Ian made landfall on the southwest coast of Florida. Damage caused by the storm included the destruction of control panels and associated appurtenances at thirty -three pump stations. Subsequently, those pump stations were placed on bypass operations using portable diesel run pumps. On October 11, 2022, Item 11.B, the Board approved budget amendments from the County Wide Capital Projects Fund (3001), the Solid Waste Disposal Fund (4070), the Solid Waste Collection Fund (4073), the Water/Sewer Operations Fund (4008), the Water Capital Fund (4012), and the Sewer Capital Fund (4014) to the Solid Waste Capital Fund (4074) in order to increase the budgeted funding for estimated expenses for Hurricane Ian debris removal. The total cost for debris removal at that time was anticipated to be $65,000,000. On November 10, 2022, Collier County submitted an expedited funding application to FEMA for anticipated debris removal expenses, allowing the County to receive half of the estimated debris removal costs in an expedited fashion to cover expenses related to the debris removal mission. At the completion of the debris removal mission actual debris quantities were lower than initially anticipated and therefore the debris removal expenditures were lower than initially estimated. As a result, on March 14, 2023, Item 11.D, the Board approved budget amendments in the amount of $23,000,000 to return budgeted funds back to their original sources. Additionally, the Board approved budget amendments transferring $12,500,000 from Water Capital Fund (4012) ($3,219,200) and Wastewater Capital Fund (4014) ($9,280,800) to the Disaster Recovery Fund (1813) for Water - Sewer District recovery efforts. As of May 24, 2024, the Disaster Recovery Fund (1813), Wastewater Emergency Cost Center (233356), received $12,709,943.03 of insurance reimbursement for Hurricane Ian claims. Budget amendments are required to appropriate additional funding for lift station repair and bypass pumps and returning funds back to the original funding sources. FISCAL IMPACT: Budget amendments are required to recognize $12,709,900 in Hurricane Ian related revenues deposited into the Disaster Recovery Fund (1813), allocate $3,000,000 within the same fund (1813) to fund the wastewater recovery efforts and return budgeted funds back to the original funding sources which include Water Capital Fund (4012) ($429,100), and Wastewater Capital Fund (4014) ($9,280,800). GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this Executive Summary. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, raises no legal issues, and requires majority vote for approval. -JAK RECOMMENDATION: To authorize budget amendments to recognize $12,709,900 in revenues deposited in the Disaster Recovery Fund (1813) received from the insurance related to the Hurricane Ian claims, allocate $3,000,000 11.D Packet Pg. 273 07/23/2024 within the same fund (1813) to fund the wastewater recovery efforts and return budgeted funds back to the original funding sources which include Water Capital Fund (4012) ($429,100), and Wastewater Capital Fund (4014) ($9,280,800). Prepared by: Joseph Bellone, Director - Utilities Finance, Utilities Finance Operations Division Katrina Lin., Manager - Financial Operations, Utilities Finance Operations Division 11.D Packet Pg. 274 07/23/2024 COLLIER COUNTY Board of County Commissioners Item Number: 11.D Doc ID: 29318 Item Summary: Recommendation to authorize budget amendments to recognize $12,709,900 in revenues deposited in the Disaster Recovery Fund (1813) received from the insurance proceeds related to the Hurricane Ian claims, allocate $3,000,000 within the same fund (1813) for continuation of the wastewater recovery efforts and returning $9,709,900 back to the original funding sources which include Water Capital Fund (4012) ($429,100), and Wastewater Capital Fund (4014) ($9,280,800). (Joe Bellone, Division Director - Utilities Finance) Meeting Date: 07/23/2024 Prepared by: Title: – Public Utilities Operations Support Name: Vincent Dominach 06/26/2024 3:54 PM Submitted by: Title: Division Director - Operations Support – Public Utilities Operations Support Name: Joseph Bellone 06/26/2024 3:54 PM Approved By: Review: Public Utilities Operations Support Katrina Lin PUD Reviewer Completed 06/26/2024 4:19 PM Public Utilities Department Mary Linhard Level 1 Department Review Completed 06/27/2024 7:50 AM Public Utilities Operations Support Joseph Bellone PUD Reviewer Completed 07/01/2024 8:16 AM Wastewater Robert Von Holle PUD Reviewer Completed 07/01/2024 8:56 AM Engineering and Project Management Matthew McLean PUD Reviewer Completed 07/01/2024 9:50 AM Grants Joanna Partyniewicz Level 2 Grants Review Completed 07/01/2024 3:58 PM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 07/01/2024 4:07 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 07/02/2024 10:34 AM Public Utilities Department George Yilmaz Level 2 Division Administrator Review Completed 07/11/2024 9:00 AM Community & Human Services Maggie Lopez OMB Reviewer Completed 07/11/2024 3:04 PM Grants Therese Stanley OMB Reviewer Completed 07/15/2024 9:57 AM County Manager's Office Amy Patterson Level 4 County Manager Review Completed 07/15/2024 2:02 PM Board of County Commissioners Geoffrey Willig Meeting Pending 07/23/2024 9:01 AM 11.D Packet Pg. 275