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Agenda 01/09/2018 Item #16F 401/09/2018 EXECUTIVE SUMMARY Recommendation to approve additional FY 2018 budget amendments covering post Hurricane Irma clean up and recovery for debris removal, the storm-water network, wastewater, parks and governmental facilities OBJECTIVE: Establish sufficient FY 2018 budget providing for uninterrupted clean up and recovery post Hurricane Irma. CONSIDERATIONS: Funding cleanup and restoration of the community in the aftermath of Hurricane Irma continues and to that end, this executive summary requests approval for five (5) additional FY 2018 budget amendments as follows; 1. $28,007,700 to cover the debris removal mission 2. $ 5,000,000 to cover necessary repairs to storm-water system 3. $ 1,000,058 to cover wastewater system repairs and equipment 4. $ 4,700,000 to cover park system repairs and equipment 5. $ 500,000 to cover general governmental facility repairs Attached to this report is a complete summary of all FY 2017 and current to date FY 2018 budget amendments processed because of Hurricane Irma including the five (5) budget amendments covered in this executive summary. Cumulatively, all FY 2017 and FY 2018 budget amendments to date total $156,345,800. The amount spent to date during FY 2017 and FY 2018 totals $61,257,400. No reimbursement revenue has been received. Establishing sufficient budget for clean up and restoration from this event is not indicative of what will actually be spent simply a barometer of anticipated expenses. FISCAL IMPACT: Establishing budget in the amount of $156.4 million has required a combination of financial management steps not the least of which is the deferral/postponement of capital projects particularly in the public utility area and a reduction of FY 2018 General Fund reserves totaling $12.5 million. These reserve reductions were primarily necessary to minimize the deferral of public utility capital projects. Where necessary and appropriate in funds with sufficient cash, FEMA revenue has been budgeted anticipating some level of reimbursement later in FY 2018. The County has sufficient resources to cash flow the required clean up and restoration work given the necessary financial management steps outlined above and we are well positioned to submit for reimbursement for work performed to the appropriate agencies in a timely fashion. However, OMB will be monitoring the reimbursement stream closely and if necessary take appropriate mid -year budget management steps to always insure that sufficient year ending FY 2018 cash is maintained. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is approved as to form and legality, and requires majority vote for approval. -JAK RECOMMENDATION: Approve five (5) FY 2018 budget amendments covering post Hurricane Irma clean up and recovery for debris removal, the storm-water network, wastewater, parks and governmental facilities Prepared by: Mark Isackson, Director of Corporate Finance and Management Services, Office of Management and Budget 16.F.4 Packet Pg. 903 01/09/2018 ATTACHMENT(S) 1. Hurricane Irma Recap reports (PDF) 16.F.4 Packet Pg. 904 01/09/2018 COLLIER COUNTY Board of County Commissioners Item Number: 16.F.4 Doc ID: 4482 Item Summary: Recommendation to approve additional FY 2018 budget amendments covering post Hurricane Irma clean up and recovery for Debris Removal. Meeting Date: 01/09/2018 Prepared by: Title: Operations Coordinator – Office of Management and Budget Name: Valerie Fleming 01/03/2018 2:08 PM Submitted by: Title: Operations Coordinator – Office of Management and Budget Name: Valerie Fleming 01/03/2018 2:08 PM Approved By: Review: Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 01/03/2018 2:09 PM Budget and Management Office Mark Isackson Additional Reviewer Completed 01/03/2018 2:14 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 01/03/2018 2:56 PM County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 01/03/2018 3:07 PM Board of County Commissioners MaryJo Brock Meeting Pending 01/09/2018 9:00 AM 16.F.4 Packet Pg. 905 16.F.4.a Packet Pg. 906 Attachment: Hurricane Irma Recap reports (4482 : Recommendation to approve additional FY 2018 16.F.4.a Packet Pg. 907 Attachment: Hurricane Irma Recap reports (4482 : Recommendation to approve additional FY 2018 budget amendments covering post 16.F.4.a Packet Pg. 908 Attachment: Hurricane Irma Recap reports (4482 : Recommendation to approve additional FY 2018 budget amendments covering post 16.F.4.a Packet Pg. 909 Attachment: Hurricane Irma Recap reports (4482 : Recommendation to approve additional FY 2018 budget amendments covering post