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Item T4BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: March 16, 2011 Division: Budget & Finance Bulk Item: Yes _ No X Department: OMB Staff Contact Person/Phone #: Penny Kipp X4470 AGENDA ITEM WORDING: A Public Hearing to consider approval of a resolution for a Budget Amendment of Fiscal Year 2011 Affordable Housing Program Fund 100, One Cent Infrastructure Surtax Fund 304, Infrastructure Sales Surtax Revenue Bonds 2007 Fund 308 and Big Coppitt Wastewater Fund 310. ITEM BACKGROUND: To align the budgets with revenues and expenditures of on -going Capital Improvement Projects in Funds 304, 308 and 310. To align the budget with revenues and expenditures of an on -going grant program in Fund 100. PREVIOUS RELEVANT BOCC ACTION: At last month's BOCC meeting, the Board approved to advertise a public hearing for a budget amendment for Funds 100, 304, 308 and 310. On September 17, 2010, the BOCC adopted the FY2011 Operating and Capital Budgets. For Fund 100, on May 19, 2010, the BOCC approved the Disaster Recovery Contract 4IODB- K4- 11- 54- 02 -K24 with the State of Florida Department of Community Affairs for a countywide Disaster Recovery Initiative program rclated to 2008 storm disasters. On January 20, 2010, the BOCC approved Resolution 019 -2010 which authorized the use of $300,000 to be used from Fund 100 to provide working capital for Monroe County's Disaster Recovery Initiative 2008 Tropical Storm Faye Community Development Block Grant (CDBG) program. On October 21, 2009, the BOCC approved Resolution 384 -2009 which authorized the submission of Disaster Recovery Initiative 2008 Tropical Storm Faye applications or requests for funding. It also authorized the Monroe County Housing Authority to prepare the applications and administer the program. CONTRACT /AGREEMENT CHANGES: N/A STAFF RECOMMENDATIONS: Approval TOTAL COST: N/A INDIRECT COST: BUDGETED: Yes X No COST TO COUNTY: N/A SOURCE OF FUNDS: Fund Balances REVENUE PRODUCING: Yes No X AMOUNT PER MONTH Year APPROVED BY: County Arty irchasing Risk Management DOCUMENTATION: Included Not Required DISPOSITION AGENDA ITEM # Revised 2/27/01 Resolution No. -2011 A RESOLUTION CONCERNING THE RECEIPT OF UNANTICIPATED FUNDS WHEREAS, it is necessary to conduct a public hearing as required by section 129.03, Florida Statutes, to amend the following: Affordable Housing Program Fund 100, One Cent Infrastructure Surtax Fund 304, Infrastructure Sales Surtax Revenue Bonds 2007 Fund 308, and Big Coppitt Wastewater Fund 310, for the fiscal year beginning October I, 2010 and ending September 30, 2011, now therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA that a Public Hearing was conducted on March 16, 2011, at 3:00 P.M. to Affordable Housing Program Fund 100, One Cent Infrastructure Surtax Fund 304, 2007 Infrastructure Sales Surtax Revenue Bond Fund 308, and Big Coppitt Wastewater Fund 310 budgets and to adopt the amended budgets as follows: Affordable housing Program - Fund 100 Current Inc. /(Dec.) Revised Revenues: Budget Budget 1 00 - 3 6 1 00 5 61 Interest Earnings $0.00 $500.00 $500.00 100 - 389001 Less 5% FL Statute $0.00 ($25,00) - $25.00 100 - 389002 Fund Balance Forward $56.102.00 $247,423.00 $303.525.00 Total $56,102.00 $247,898.00 $304,000.00 Appropriations: 100 01005 530340 Affordable Housing Init $39 $250,685.00 $290,000.00 100 85502 590990 Reserves 100 $5,610.00 ($610.00) $5,000.00 100 85502 590991 Reserves 100 $11,177.00 {$2,177.00) 9$ 000.00 Total $56,102.00 $247,898.00 $304,000.00 $0.00 $0.00 $000 One Ceut Infrastructure Surtax- Fund 304 Current Inc. /(Dec.) Revised Revenues: Budget Budget 304- 31260OGN Discret Sales Tax 1 Cent $13,000,000.00 $0.00 $13,000,000,00 304- 361005GI Interest Earnings $70,000.00 $0.00 $70,000,00 304- 36200ISG Rents $10.00 $0.00 510.00 304.381125GT Transfer fm Grant Fund -125 $213,311.00 ($213,311.00) $0.00 304 - 26000 - 381125 -G '1' Transfer fm Grant Fund -125 $1,746,370,00 $190,607.00 $1,936,977.00 304- 381163GT Transfer fm Fund 163 $400,000.00 $0.00 $400,000.00 304 - 389001 Less 5% FL Statute - $653,507.00 $1.00 4653,500.00 304- 389002 Fund Balance Forward 8 376,525 $6 .630,934.00 $15,007,459.00 Total $23,152,715.00 $6,608,231.00 $29,760,946.00 Appropriations: 304 22004 510' * *, 530 * ** County Eingineer Construction $529,860,00 $0.00 $529,860.00 304 22006 510 *•',530 * ** ADA Assessments $80,100.00 $0.00 $80,100.00 304 22006 560620 ADA Assessments $26,500.00 $3,115.00 $29,615.00 304 22007 530340 Med Exam Enviro Mitigation $5,500.00 $0.00 $5,500.00 304 23000 560630 Physical Environment $700,000.00 $0.00 $700,000.00 304 24000 510 * ** General Govt Cap Projects $12,000.00 $0.00 $12,000.00 304 24000 560620 General Govt Cap Projects $888,000.00 $29,600.00 $917,600.00 304 26000 510 * ** Public Safety Cap Projects $12,000.00 $0.00 $11000.00 304 26000 530310 Public Safety Cap Projects $211,202.00 $0.00 $211,202.00 304 26000 560620 Public Safety Cap Projects $3,483,408.00 (S80,871,00) $3,402,537.00 304 85532 590990 Reserves 304 $400,000.00 $2,600,000.00 $3,000,000.00 304 85532 590991 Reserves 304 $0.00 $3,000,000.00 $3,000,000.00 304 86502 590207 Budgeted Transfers 304 $8,574,523.00 $0.00 $8,574,523.00 304 86502 590311 Budgeted 'Transfers 304 $8 $0.00 $8,100,000.00 304 86502 590310 Budgeted Transfers 304 $0.00 $1,000,000.00 $1,000,000.00 304 86502 590910 Budgeted Transfers 304 $129,622.0 0 $56,387.00 $186,00 9,00 Total $23,152,715.00 $6,608,231.00 $29,760,946.00 $0,00 $0.00 $0.00 Infrastructure Sales Surtax Revenue Bonds 2007- Fund 308 Current Inc.((Dec.) Revised Revenues: 310 Budget $150,000.00 Budget 308- 361005GI Interest Earnings $60,000.00 $0.00 $60,000.00 308 - 389001 Less 5% FL Statute 43,000.00 $0.00 - $3,000.00 308 - 389002 Fund Balance Forward $6,476,227.00 $5,599,048.00 $12,075.275.00 $5,000.00 Total $6,533,227.00 55,599,048.00 $12,132,275.00 Appropriations: Total $2,463,324.00 $1,532,111.00 308 23004 510 * ** Physical Enviro Fund 308 $12,000.00 $0.00 $12,000.00 308 23004 560630 Physical Enviro Fund 308 $3,406,224.00 $1,459,477.00 $4,865,701.00 308 25002 510 * ** Culture & Rec Fund 308 $2,400.00 $0.00 $2,400.00 308 25002 560620 Culture & Rec Fund 308 $57,000.00 $74,542.00 $131,542.00 308 26006 510 * ** Public Safety Fund 308 $12,000.00 $0.00 $12,000.00 308 26006 560620 Public Safety Fund 308 $3,043,603.00 4$ ,065,02 $7.108,632.00 Total $6,533,227.00 $5,599,048.00 $12,132,275.00 $0.{70 50.00 $0.00 Big Coppitt Wastewater- Fund 310 Current Inc..(Dec.) Revised Revenues: Budget Budget 310- 325100GM SPC Assessmt -CAP $500,000.00 $0.00 $500,000.00 310 - 36100561 Interest Earnings $0.00 $0.00 $0.00 310- 361008GI Interest Income -FRUK $0.00 $0.00 $0.00 310- 361009GI Interest -Tax Collector $0.00 $0.00 $0,00 310 - 23006- 381125GT Transfer fm Grant Fund -125 $0.00 $0.00 $0,00 310- 381304GT Transfer fm Sales Surtax -Fund 304 $0.00 $1,000,000.00 $1,000,000.00 310- 389001 Less 5% IT Statute - $25,000.00 $0.00 425,000.00 310 - 389002 Fund Balance Forward $1 98,$ 324 00 532 - ,171.00 $2,520,435.00 Total $2,463,324,00 $1,532,111.00 $3,995,435.00 Appropriations: 310 23002 560630 Big Coppitt Wastewater $150,000,00 $1,130,814.00 $1,280,814.00 310 23005 560630 Big Coppitt Ww Bridge Loan $150,000.00 ($108,040.00) $41,960.00 310 23006 560630 Big Coppitt WW DEP Grant- LP6803 $0.00 $163,416.00 S163,416.00 310 23007 560630 Big Coppitt WW DEP Grant- LP8983 $0.00 $100,000.00 $100,000.00 310 54503 590996 BC Special Asstmt Refund $5,000.00 $0.00 $5,000.00 310 55011 560630 Big Coppitt Special Asstmt $2,158,324.00 $24.5_, $Z 404,245.00 Total $2,463,324.00 $1,532,111.00 $3,995,435.00 $0.00 $000 $0.00 BE IT FURTHER RESOLVED BY SAID BOARD, that the Clerk of said Board, upon receipt of the above, is hereby authorized and directed to make necessary changes of said items, as set forth above. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a regular meeting of the Board on the 16th day of March, AD 2011. Mayor Carruthers Mayor Pro Tern Rice Commissioner Wigington Commissioner Neugent Commissioner Murphy BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA By: (Seal) Attest: DANNY L. 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