Agenda 09/11/2012 Item #16D 81 0 '��� Mart"
EXECUTIVE SUMMARY
Recommendation to approve a Budget Amendment for Sabal Palm Municipal Service Taxing Unit
(MSTU) reclassifving $103,185 from capital improvements to operating expenditures.
OBJECTIVE: To obtain approval of a Budget Amendment for Sabal Palm MSTU that will
allow proper accounting treatment of expenditures.
CONSIDERATIONS: On October 28, 1986, the Board of County Commissioners approved Sabal
Palm MSTU Ordinance 86 -72 for maintenance of Sabal Palm Road. On September 25, 2001, Sabal Palm
Extension was added to Sabal Palm MSTU for maintenance with the approval of Ordinance 2001 -51.
The current Sabal Palm MSTU budget includes a budget of $103,185 that is classified as capital
improvements. From an accounting perspective the Sabal Palm MSTU related activity involves only
maintenance and will not be capitalized. In order to ensure the proper accounting treatment, the budget
needs to be reclassified from the capital improvements b dget category to the operating expense budget
category.
FISCAL IMPACT: A budget amendment for Sabal Palm MSTU Fund 151 Cost Center 162516
moving $103,185 from the Capital Improvement expenditure category to the Operating Cost
expenditure category is necessary to ensure proper accounting treatment of Sabal Palm MSTU
expenditures.
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney's Office, does. not
present a legal issue and only requires a majority vote for Board approval —SPIT.
GROWTH MANAGEMENT IMPACT: There is no Growth VVianagement impact associated with this
Executive Sunninary.
RECOMMENDATION: That the Board approve a Budget Amendment for Sabal Palm MSTU
allowing proper accounting treatment of expenditures
Prepared by: Darryl Richard, MSTU Project Manager, Department of Alternative Transportation Modes
Attachments: (1) Budget Amendment
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COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.8.
Item Summary: Recommendation to approve a Budget Amendment for Sabal Palm
Municipal Service Taxing Unit (MSTU) reclassifying $103,185 from capital improvements to
operating expenditures.
Meeting Date: 9/11/2012
Prepared By
Name: RichardDarryl
Title: Project Manager,Alternative Transportation Modes
8/11/2012 12:45:35 PM
Submitted by
Title: Project Manager,Altemative Transportation Modes
Name: RichardDarryl
8/11/2012 12:45:36 PM
Approved By
Name: HerreraGloria
Title: Management /Budget Analyst,Transportation Administr
Date: 8/13/2012 8:53:48 AM
Name: ArnoldMichelle
Title: Director - Alt Transportation Modes,Altemative Tr
Date: 8/14/2012 5:48:01 PM
Name: LynchDiane
Title: Administrative Assistant
Date: 8/15/2012 1:38:16 PM
Name: TeachScott
Title: Deputy County Attomey,County Attorney
Date: 8/18/2012 4:39:57 PM
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C e 1,20~ Item 1
Name: CarnellSteve
Title: Director - Purchasing /General Services,Purchasing
Date: 8/28/2012 4:56:11 PM
Name: TeachScott
Title: Deputy County Attomey,County Attorney
Date: 8/29/2012 11:17:39 AM
Name: KlatzkowJeff
Title: County Attorney
Date: 8/29/2012 11:30:09 AM
Name: FinnEd
Title: Senior Budget Analyst, OMB
Date: 8/29/2012 11:57:51 AM
Name: IsacksonMark
Title: Director -Corp Financial and Mgmt Svs,CMO
Date: 9/4/2012 10:00:30 AM
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