Public Hearing: YES ☐ NO ☒ Department: Chief Executive Office
SUBJECT:
Title
Commission District(s): All Districts
To Increase Revenue Anticipations for the Special Tax District - Designated Services Fund by $18,617,641; To Appropriate $4,525,000 to Public Works - Roads & Drainage; and To Appropriate $14,092,641 to the Special Tax District - Designated Services Fund - Budgetary Reserve.
Body
Information Contact: Zachary L. Williams, Executive Assistant/COO
Phone Number: 404-371-2881
PURPOSE:
To increase revenue anticipations for the Special Tax District - Designated Services Fund by $18,671,641; to appropriate $4,525,000 to Public Works - Roads & Drainage; and to appropriate $14,092,641 to the Special Tax District - Designated Services Fund - Budgetary Reserve.
NEED/IMPACT:
This amendment to the operating budget for the Roads & Drainage Division of Public Works provides additional funds to cover higher costs for professional services and supplies, personal services adjustments, and a traffic sign maintenance project. This additional funding will also allow Roads & Drainage to purchase replacement office trailers.
The increase in revenue anticipations reflect the effects of the adopted 2022 millage rate and other updated revenue projections for the Special Tax District - Designated Services Fund.
FISCAL IMPACT:
Increase revenue anticipations for the Special Tax District - Designated Services Fund (various line items) by $18,617,641.
Increase appropriations for Public Works - Roads & Drainage - Special Tax District - Designated Services Fund (various line items) by $4,525,000.
Increase appropriations for Fund Reserves - Special Tax District - Designated Services Fund - Budgetary Reserve by $14,092,641.
RECOMMENDATION:
Recommended Action
To approve the resolution and authorize the chief executive officer to execute all necessary documents.