Item I03
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BOARD OF COUNTY COMMISSIONERS
C ounty of M onroe
Mayor David Rice, District 4
Mayor Pro Tem Craig Cates, District 1
The Florida Keys
Michelle Coldiron, District 2
Vacant, District 3
Holly Merrill Raschein, District 5
County Commission Meeting
May 18, 2022
Agenda Item Number: I.3
Agenda Item Summary #10524
BULK ITEM: No DEPARTMENT: Land Authority Governing Board
TIME APPROXIMATE: STAFF CONTACT: Christine Hurley (305) 295-5180
9:25 AM
AGENDA ITEM WORDING: A public hearing to consider approval of a resolution amending the
Fiscal Year 2022 Budget.
ITEM BACKGROUND:
The Tourist Impact Tax collected within the Florida Keys Area of Critical State Concern is
generating more revenue than expected. The proposed resolution will bring the additional revenue
into the Fiscal Year 2022 Budget to increase the Lbuy land.
The Fiscal Year 2022 Budget estimated $1,995,000 in revenue from the Tourist Impact Tax
Restricted - Florida Keys Area of Critical State Concern. That revenue is now projected to be
$4,940,000, which is an increase of $2,945,000.
Staff are recommending increasing the budget by that amount, plus administrative adjustments,
bringing the total amount of funding for land acquisition from $5,806,341 to $8,596,341.
This would amend the total budget from $22,324,130 to $25,269,130.
PREVIOUS RELEVANT GOVERNING BOARD ACTION:
Reviewed Budget on July 22, 2021
Adopted a Tentative Budget on September 8, 2021
Adopted Final Budget on September 15, 2021
CONTRACT/AGREEMENT CHANGES:
N/A
STAFF RECOMMENDATION: Approval
DOCUMENTATION:
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Proposed Resolution
FINANCIAL IMPACT:
Effective Date:
Expiration Date:
Total Dollar Value of Contract:
Total Cost to County:
Current Year Portion:
Budgeted:
Source of Funds:
CPI:
Indirect Costs:
Estimated Ongoing Costs Not Included in above dollar amounts:
Revenue Producing: If yes, amount:
Grant:
County Match:
Insurance Required:
Additional Details:
REVIEWED BY:
Christine Hurley Completed 05/03/2022 5:00 PM
Lindsey Ballard Completed 05/03/2022 5:02 PM
Board of County Commissioners Pending 05/18/2022 9:00 AM
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