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Agenda 09/23/2008 Item #16B 3Item # 1663 September 23, 2008 Page 1 of 2 EXECUTIVE SUMMARY Recommendation to authorize an additional Tropical Storm Fay budget amendment transferring appropriations of $177,000 from MSTD General Fund (Fund 111) Reserves to the appropriate emergency expense cost center in Fund (111) for storm related Transportation landscape expenditures. OBJECTIVE: Provide sufficient additional budget within the MSTD General Fund (111) TS Fay cost center totaling $177,000 to offset expenses connected with replacementirepair of damaged landscape treatments. CONSIDERATIONS: On August 18, 2008, the Board declared a state of emergency in Collier County for TS Fay. Pursuant to this declaration, the Board authorized two specific budget amendments — one for $250,000 for General Fund (001) storm expenses and one for $450,000 in MSTD General Fund (I 11) — to pay for storm related debris removal expenses. To date most of the budgeted dollars have been expended or encumbered. Expenses connected with replacing damaged landscape treatments could not be absorbed within existing budgeted cost centers. The BCC is asked to authorize an additional budget amendment moving dollars from MSTD General Fund (111) reserves to the appropriate emergency cost center in Fund (111) providing sufficient budget to make the necessary landscape replacements/repairs. Reimbursement for expenses will be sought through insurance. To provide adequate and timely reimbursements, it is prudent to account for Transportation storm related landscape expenditures within the emergency MSTD General Fund (111) cost center. FISCAL EMPACT: A budget amendment is needed to appropriate $177,000.00 in FY 2008 to pay invoices related to TS Fay landscape expenses. This amount will be moved to cost center 144249 in Fund 111 to account for storm related landscape damages. Funding is available in the MSTD General Fund 111 reserves. Reimbursement of expenses procured through insurance proceeds and/or other sources will be accounted for through the storm expense cost center. GROWTH MANAGEMENT IMPACT: There is no Growth Management Impact associated with this Executive Summary. LEGAL CONSIDERATIONS: There are no direct legal considerations to address. RECOMMENDATION: That the Board of County Commissioners approve the necessary budget amendment. Prepared By: Lisa Taylor, Management/Budget Analyst Item # 16B3 September 23, 2008 Page 2 of 2 Recommendation to authorize a budget amendment transferring appropriations of $ 177,000.00 from the MSTD General Fund (Fund 111) Reserve for Contingencies to a Fund Center in the same Fund for Tropical Storm Fay related expenditures. Prepared By: Department Date County Attorney 9/12/2008 3:22:49 PM Approved By: Department Approval Date County Approved 9/16/2008 10:19 AM Manager's Office ATTACHMENTS: Name: Description: Type: ❑ Executive Summary Fav odf Tropical Storm Fay ES Executive Summary