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Agenda 03/11/2008 Item #16F 1 Agenda Item No. 16F1 March 11, 2008 Page 1 of 2 EXECUTIVE SUMMARY Authorize all necessary budget amendments that memorialize the Board of County Commissioners' decision on February 26, 2008 (Agenda Item lOF) to use General Fund Reserves to offset estimated Emergency Medical Services Fund (490) transport revenue shortfalls for the remainder of FY08 and for FY09. The estimated FY 08 shortfall is $2,237,200; General Fund (001) reserves for unfunded capital requirements will be transferred to Emergency Medical Services Fund (490) for the FY08 shortfall. Turn back of excess fees from the Constitutional Officers from FY07 exceeded budgeted turn back by $7,240,592. These excess fees will be appropriated and $2,538,000 of that appropriation will be transferred to Emergency Medical Services Fund (490) to offset the anticipated FY 09 transport fee revenue shortfall. Obiective: To transfer certain General Fund (001) reserve dollars set aside for unfunded requirements and utilize a portion of excess Constitutional Officer Fee revenue to cover the anticipated revenue shortfall within Emergency Medical Services Fund (490) for the remainder ofFY 08 and FY 09. Considerations: On February 26,2008, Agenda item 10F, the Board of County Commissioners directed staff to process budget amendments from General Fund reserves to support Emergency Medical Services Fund (490) in light of declining fee revenue projected for the remainder of FY 08 and FY 09. Fiscal Impact: Staff has determined that the year ending FY 08 Emergency Medical Services Fund (490) revenue shortfall will total approximately $2,237,200. To cover this revenue gap, a portion of the $5,638,500 General Fund (001) reserves set aside for unfunded capital requirements will be transferred to Emergency Medical Services Fund (490). For FY 09, it is estimated that the transport fee revenue decline will continue, creating an anticipated 5hortfall of $2,538,000. Turn back of excess fees from the Constitutional Officers from FY07 exceeded budgeted turn back by $7,240,592. These excess fees will be appropriated and $2,538,000 of that appropriation will be transferred to Emergency Medical Services Fund 490 to offset the anticipated FY 09 transport fee revenue shortfall. Growth Mana!!ement Impact: There i5 no Growth Management Impact associated with this Executive Summary. Recommendation: That the Board of County Commis5ioners authorize all necessary budget amendments required to transfer $2,237,200 from General Fund (001) reserves set aside for unfunded capital requirements to Emergency Medical Services Fund (490) to cover the anticipated FY 08 revenue shortfall and further that $7,240,592 in excess Constitutional Officer fee revenue for year ending 2007 be appropriated with a portion or $2,538,000 transferred to Emergency Medical Services Fund (490) to cover the anticipated FY 09 revenue shortfall. Prepared by: Sherry Pryor, Sr. Budget Analyst, Office of Management and Budget Page 1 of 1 Agenda Item No. 16F1 March 11, 2008 Page 2 of 2 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS Item Number: Item Summary: 16F1 Authorize all necessary budget amendments that memorialize the Board of County Comissioners' decision on February 26, 2008 (Agenda Item 1 OF) to use General Fund Reserves to offset estimated Emergency Medical Services Fund (490) transport revenue shortfalls for the remainder of FY08 and for FY09. The estimated FY08 shortfall is $2,237,200; General Fund (001) reserves for unfunded capital requirements will be transferred to Emergency Medical Services Fund (490) for the FY08 shortfalL Turn back of excess fees from the Constitutional Officers from FY07 exceeded budgeted turn back by $7,240,592. These excess fees will be appropriated and $2.538,000 of that appropriation will be transferred to Emergency Medical Services Fund (490) to offset the anticipated FY09 transport fee revenue shortfall. Meeting Date: 3/11/20089:00:00 AM Approved By OMS Coordinator Applications Analyst Date Administrative Services Information Technology 2/29/20084:23 PM Approved By Sherry Pryor Management & Budget Analyst Date County Manager's Office Office of Management & Budget 3/4/20088:09 AM Approved By James V. Mudd County Manager Date Board of County Commissioners County Manager's Office 3/4/20086:46 PM f11p.;;r.\Anpnf"1!lTpd\Pvnort\ 1 f)'Ll\A<;1T....ho/",)()ll o!..')()')OOSl\ 1 h o/^')Orn1\.T<;:pl\.lTO/"IOA~pl\.mA \ 1 ~/,/")()()~