Item G06 G6
BOARD OF COUNTY COMMISSIONERS
COUNTY of MONROE
u,.. 9 Mayor Craig Cates,District 1
The Florida Keys Mayor Pro Tern Holly Merrill Raschein,District 5
Michelle Lincoln,District 2
- James K. Scholl,District 3
' David Rice,District 4
Board of County Commissioners Meeting
June 21, 2023
Agenda Item Number: G6
2023-1007
BULK ITEM: No DEPARTMENT: Land Authority Governing Board
TIME APPROXIMATE: STAFF CONTACT: Christine Hurley
9:25 AM
AGENDA ITEM WORDING: A Public Hearing to consider approval of a resolution of the Monroe
County Comprehensive Plan Land Authority amending the Fiscal Year 2023 Budget.
ITEM BACKGROUND:
During the FY2022 audit, the auditors, RSM US LLP requested construction funding and mortgages be
booked as Operating Expenses instead of Capital Outlay Expenses. In addition, the Land Authority
approved a consultant contract with Scull& Scull P.A. to provide buying services to increase
acquisitions.
Therefore, a FY2023 budget amendment is needed to:
• Move funding from Capital Outlay - Florida Keys ACSC to cover $1,353,989 spent on
construction funding for the Monroe County 12 scattered sites (11 on Big Pine and 1 on Little
Torch); to Operating FL Keys ACSC - Construction Funding; and
• Move funding from Capital Outlay - Florida Keys ACSC to Salaries, Benefits, and General
Operating, to cover$50,000 for Scull & Scull P.A. contract.
The total budget amount of$31,938,563 remains the same.
PREVIOUS RELEVANT BOCC ACTION:
9/21/22: Governing Board adopted the FY2023 Budget.
CONTRACT/AGREEMENT CHANGES:
N/A
STAFF RECOMMENDATION: Approval
DOCUMENTATION:
2023 Resolution Amend 06-2023
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FINANCIAL IMPACT:
N/A
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RESOLUTION NO.
A RESOLUTION OF THE MONROE COUNTY
COMPREHENSIVE PLAN LAND AUTHORITY AMENDING
THE FISCAL YEAR 2023 BUDGET.
WHEREAS, the Monroe County Comprehensive Plan Land Authority (hereinafter "Land
Authority"), is a land authority pursuant to section 380.0663, Florida Statutes and
Monroe County Ordinance No. 31-1986; and
WHEREAS, the Land Authority held a public hearing on June 21, 2023 at 9:25 AM at
the Murray Nelson Government Center in Key Largo, Monroe County, Florida to amend
the Fiscal Year 2023 Budget; and
WHEREAS, the public hearing participants were also provided the option of
participating in said hearing via Communications Media Technology using a Zoom
Webinar platform; and
WHEREAS, the Auditors, RSM US LLP, have requested construction funding and
mortgages be booked as operating expenses instead of Capital Outlay expenses; and
WHEREAS, the Land Authority approved a consultant contract with Scull & Scull P.A. to
provide buying services to increase acquisitions; and
NOW, THEREFORE, BE IT RESOLVED BY THE MONROE COUNTY
COMPREHENSIVE PLAN LAND AUTHORITY that the Fiscal Year 2023 Budget of
$31,938,563 is hereby amended to be the same total amount with an increase in
General Operating of $50,000; an increase in Operating FL Keys ACSC — Construction
Funding of $1,353,989; and a decrease in Capital Outlay - FL Keys ACSC of
$1,403,989, as shown in Attachment A.
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PASSED AND ADOPTED by the Monroe County Comprehensive Plan Land Authority
at a meeting on this 21st day of June 2023.
Commissioner Craig Cates
Commissioner Michelle Lincoln
Commissioner Holly Raschein
Commissioner James Scholl
Chairman David Rice
(Seal)
ATTEST: MONROE COUNTY COMPREHENSIVE
PLAN LAND AUTHORITY
Christine Hurley David P. Rice
Executive Director Chairman
Approved as to form and legality:
Gregory Oropeza, Esquire
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ATTACHMENT A
MONROE COUNTY LAND AUTHORITY
6/21/23 FY2023 BUDGET AMENDMENT
Current Revised
Budget Increase/ Budget
FY 2023 (Decrease) FY 2023
Revenues:
Intergovernmental
Tourist Impact Tax- Restricted - Key West 2,634,201 0 2,634,201
Tourist Impact Tax- Restricted - FL Keys 2,718,805 0 2,718,805
Park Surcharge- Restricted 407,290 0 407,290
Tourist Impact Tax & Park Surcharge-Administration 308,379 0 308,379
Fund Balance Forward
Tourist Impact Tax- Restricted - Key West 11,238,729 0 11,238,729
Tourist Impact Tax- Restricted - FL Keys 2,902,414 0 2,902,414
Park Surcharge- Restricted 0 0 0
Assigned and Unassigned 8,903,722 0 8,903,722
Miscellaneous
Interest Income 25,000 0 25,000
Sale of Land 4,481,000 0 4,481,000
Less 5% (1,680,977) 0 (1,680,977)
Total Revenues 31,938,563 0 31,938,563
Appropriations:
Salaries, Benefits, and General Operating 978,200 50,000 1,028,200
Operating FL Keys ACSC- Forgivable Mortgages 0 0 0
Operating FL Keys ACSC -Construction Funding 0 1,353,989 1,353,989
Operating Key West ACSC- Forgivable Mortgages 0 0 0
Operating Key West ACSC- Construction Funding 0 0 0
Capital Outlay
Office Equipment 10,000 0 10,000
FL Keys ACSC 12,784,185 (1,403,989) 11,380,196
ROGO Reserve 3,293,248 0 3,293,248
Key West ACSC 13,872,930 0 13,872,930
Reserves
Contingency 500,000 0 500,000
End of Year Cash 500,000 0 500,000
Total Appropriations 31,938,563 0 31,938,563
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