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Agenda 09/24/2024 Item #17I (Resolution amending the Fiscal Year 2024-25 Adopted Budget)9/24/2024 Item # 17.I. ID#: 2024-1075 Executive Summary Recommendation to adopt a Resolution approving amendments (appropriating carry forward, transfers and supplemental revenue) to the Fiscal Year 2024-25 Adopted Budget. OBJECTIVE: That the Board of County Commissioners adopts the attached Resolution and the related amendments that amend the Fiscal Year 2024-25 adopted budget in accordance with Section 129.06, Florida Statutes. CONSIDERATIONS: Section 129.06, Florida Statutes defines how an annual budget, as adopted by the Board, can be amended. Certain budget amendments that increase the total appropriations of a fund over the adopted annual budget must be approved by resolution of the Board of County Commissioners after an advertised public hearing. Budget amendments requiring such approval include the appropriation of carry forward, interfund transfers, and supplemental revenue. The Board approved the grant and capital project roll on September 10, 2024, item 16F8, in the estimated amount of $1,711,784,500. Grants and Capital Projects do not necessarily “expire” at the end of the Board’s fiscal year, on September 30. The unspent portion of these budgets need to roll forward into the next fiscal year to avoid disruption in the payment of vendors and employees. This action is considered customary and routine in accordance with budgetary practices and the accounting associated with Capital and Grant Funds. The estimated amount was calculated on August 22, 2024. This is a public hearing to amend the budget for Fiscal Year 2024-25. Each of these budget amendments has been reviewed and approved by the Board of County Commissioners via separate Executive Summaries. A summary of the attached resolution has been advertised as required in Section 129.06 Florida Statutes. The attached resolution was available for public review and inspection with the related budget amendments and executive summary at the Office of Management and Budget. The amendments and summary are included herein by reference in the resolution. FISCAL IMPACT: The amendments and related executive summaries, which were previously considered and approved by the Board, contained their respective fiscal impact statements. GROWTH MANAGEMENT IMPACT: There is no Growth Management Impact associated with this Executive Summary. LEGAL CONSIDERATIONS: This item has been reviewed by a County Attorney, is approved as to form and legality and requires majority vote for approval. -JAK RECOMMENDATIONS: That the Board adopts the attached Resolution amending the Fiscal Year 2024-25 adopted budget. PREPARED BY: Maggie Lopez, Assistant Director of Corporate Financial and Management Services. ATTACHMENTS: 1. Resolution for FY25 Project Budget Roll - stamped Page 4903 of 4908 Page 4904 of 4908 Page 4905 of 4908 Page 4906 of 4908