Item C16 C16
BOARD OF COUNTY COMMISSIONERS
COUNTY of MONROE i Mayor Holly Merrill Raschein,District 5
The Florida Keys Mayor Pro Tern James K.Scholl,District 3
Craig Cates,District 1
Michelle Lincoln,District 2
' David Rice,District 4
Board of County Commissioners Meeting
May 15, 2024
Agenda Item Number: C 16
2023-2493
BULK ITEM: Yes DEPARTMENT: Budget and Finance
TIME APPROXIMATE: STAFF CONTACT: John Quinn
N/A
AGENDA ITEM WORDING: Approval to close obsolete capital project Fund 306, Clerk's Revenue
Note, and request that the Clerk of Court transfer any residual funds to Fund 304, One Cent
Infrastructure Sales Surtax.
ITEM BACKGROUND:
Fund 306 was created to fund capital projects, all capital projects within this fund have now been
completed. With the completion of these projects, the fund is no longer needed. To be consistent with
the guidance of Governmental Accounting Standards Board (GASB) Statement Number 34, the Board's
new external auditors would like to see a reduction in the number of funds maintained.
PREVIOUS RELEVANT BOCC ACTION:
INSURANCE REQUIRED:
No
CONTRACT/AGREEMENT CHANGES:
STAFF RECOMMENDATION: Approval
DOCUMENTATION:
FINANCIAL IMPACT:
664