Agenda 10/22/2024 Item #16C 9 (Authorize BA received from the insurance proceeds related to Hurricane Ian Claims in FY24)10/22/2024
Item # 16.C.9
ID# 2024-1625
Executive Summary
Recommendation that the Board of County Commissioners, as ex-officio the Governing Board of the Collier County
Water-Sewer District, authorize Budget Amendments to recognize $3,814,600 in carry-forward revenues deposited in the
Disaster Recovery Fund (1813) received from the insurance proceeds related to the Hurricane Ian claims in FY24 and
allocate $3,814,600 within the same fund (1813) for Water-Sewer District recovery efforts.
OBJECTIVE: To recognize revenue received from the insurance proceeds for Hurricane Ian claims in the Disaster
Recovery Fund (1813) and allocate funds for Water-Sewer District recovery efforts.
CONSIDERATIONS: On September 28, 2022, Hurricane Ian made landfall on the southwest coast of Florida as a
Category 4 storm. Water intrusion from the storm caused the destruction of control panels and associated appurtenances
at lift stations.
On July 23, 2024, Item 11.D, the Board approved budget amendments recognizing $12,709,900 in revenues received
from the advance insurance proceeds related to the Hurricane Ian claims and transferring $3,000,000 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).
Subsequently, the Disaster Recovery Fund (1813), Wastewater Emergency Cost Center (233356), received additional
$3,814,644.57 advance insurance proceeds in FY 2024. Budget amendments are required to appropriate additional
funding for Water-Sewer District recovery efforts.
FISCAL IMPACT: Budget amendments are required to recognize $3,814,600 in Hurricane Ian related carryforward
revenues deposited into the Disaster Recovery Fund (1813) in FY24 and allocate $3,814,600 to fund Hurricane Milton
within the same fund (1813).
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, is approved as to form and
legality and require majority vote for approval. -JAK
RECOMMENDATIONS: That the Board of County Commissioners, as ex-officio the Governing Board of the Collier
County Water-Sewer District, authorize Budget Amendments to recognize $3,814,600 in carry-forward revenues
deposited in the Disaster Recovery Fund (1813) received from the insurance related to the Hurricane Ian claims in FY24
and allocate $3,814,600 within the same fund (1813) for Water-Sewer District recovery efforts.
PREPARED BY: Joseph Bellone, Director – Utilities Finance, Utilities Finance Operations Division
Katrina Lin., Manager – Financial Operations, Utilities Finance Operations Division
ATTACHMENTS:
1. BA - 1813 - 233356 Wastewater Emergency
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