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Agenda 05/14/2019 Item #16A 4 (Insurance Revenue from Hurricane Irma)05/14/2019 EXECUTIVE SUMMARY Recommendation to recognize and appropriate revenue to Transportation Capital Fund (310), Hurricane Irma project (50154), in the amount of $530,000 for Fiscal Year 2019 and authorize all necessary Budget Amendments. OBJECTIVE: To recognize and appropriate insurance revenue to Transportation Capital Fund (310), Hurricane Irma project (50154), in the amount of $530,000 for Fiscal Year 2019 and authorize all necessary Budget Amendments. CONSIDERATIONS: Monies from various projects in Transportation Capital Fund (310) were re- allocated to the Hurricane Irma project (50154) for recovery efforts. Transportation recovery efforts are ongoing, and recognition of insurance revenue is required to continue to fund the project. Once completed, insurance reimbursement proceeds will be recognized and allocated back to various Transportation Capital Fund (310) projects. FISCAL IMPACT: Budget Amendments are necessary to recognize insurance revenues of $530,000 and appropriate funds within Transportation Capital Fund (310), Hurricane Irma project (50154). 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 issue, and requires majority vote for approval. -JAK RECOMMENDATION: That the Board of County Commissioners authorizes all necessary Budget Amendments to recognize and appropriate revenues, in the amount of $530,000, to Transportation Capital Fund (310), Hurricane Irma project (50154) for Fiscal Year 2019. Prepared by: Christopher Johnson, Manager of Financial & Operations Support, Operations Support Division, Growth Management Department. 16.A.4 Packet Pg. 566 05/14/2019 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.4 Doc ID: 8653 Item Summary: Recommendation to recognize and appropriate revenue to Transportation Capital Fund (310), Hurricane Irma project (50154), in the amount of $530,000 for Fiscal Year 2019 and authorize all necessary Budget Amendments. Meeting Date: 05/14/2019 Prepared by: Title: Accountant, Senior – Growth Management Operations Support Name: Christopher Johnson 04/12/2019 1:28 PM Submitted by: Title: Division Director - Operations Support – Growth Management Department Name: Gene Shue 04/12/2019 1:28 PM Approved By: Review: Growth Management Operations Support Christopher Johnson Additional Reviewer Completed 04/12/2019 1:36 PM Growth Management Department Christine Arnold Level 1 Reviewer Completed 04/12/2019 1:40 PM Growth Management Department Anthony Khawaja Additional Reviewer Completed 04/12/2019 2:39 PM Growth Management Department Gene Shue Additional Reviewer Completed 04/12/2019 3:08 PM Transportation Engineering Jay Ahmad Additional Reviewer Completed 04/16/2019 11:14 AM Growth Management Operations Support Heather Meyer Additional Reviewer Completed 04/16/2019 2:17 PM Grants Erica Robinson Level 2 Grants Review Completed 04/16/2019 5:01 PM Growth Management Department James C French Deputy Department Head Review Skipped 04/18/2019 9:35 AM Growth Management Department Thaddeus Cohen Department Head Review Completed 04/18/2019 9:52 AM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 04/18/2019 3:40 PM Office of Management and Budget Susan Usher Additional Reviewer Completed 04/19/2019 3:01 PM Grants Therese Stanley Additional Reviewer Completed 04/23/2019 11:02 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 04/24/2019 2:33 PM County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 05/05/2019 8:37 PM Board of County Commissioners MaryJo Brock Meeting Pending 05/14/2019 9:00 AM 16.A.4 Packet Pg. 567