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Budget Resolution Realigning Funds Within Mass Transit Budget
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BRIEF OVERVIEW
The Hernando County budget process begins in March. Mass Transit continues to spend down available grant funds until Federal Transit Administration (FTA) shuts down for their year-end close which was September 25, 2024. This is a budget resolution to true up grant funds available to Hernando County Transit from FTA and the Florida Department of Transportation (FDOT) it will decrease grant funding and realign expense lines for grants. The FY25 Mass Transit approved budget includes the grant available balance as of June 2024. This budget resolution includes an adjusted decrease of $1,838,480 in available grant funding for FY2025.
FINANCIAL IMPACT
Revenue will decrease $1,838,480 and appropriated to following departments:
Present Increase/ Amended
Account Number Account Name Budget Decrease Budget
0011-34000-3344209 ST GRT-FDOT SBG #55.010 $325,718.00 -325,718.00 $0.00
0011-34000-3811024 TRANSFER/NINTH CT FUEL-RR $325,718.00 -325,718.00 $0.00
0011-34001-3314201 FED GRT- FTA 5307 #20.507 $641,561.00 20.00 $641,581.00
0011-34001-3344209 ST GRT-FDOT SBG #55.010 $55,496.00 -55,496.00 $0.00
0011-34001-3811024 TRANSFER/NINTH CT FUEL-RR $55,496.00 -55,496.00 $0.00
0011-34002-3314201 FED GRT- FTA 5307 #20.507 $3,167,009.00 -1,705,578.00 $1,461,431.00
0011-34007-3314200 FED GRT-FTA 5307 #20.507 $141,656.00 -558.00 $141,098.00
0011-34007-3344200 ST GRT-FDOT SBG #55.010 $65,574.00 -279.00 $65,295.00
0011-34007-3811024 TRANSFER/NINTH CT FUEL-RR $65,574.00 -279.00 $65,295.00
0011-34008-3314248 FED GRT-5307 FY18 X998 $507,588.00 -1,928.00 $505,660.00
0011-34008-3344202 ST GRT-FDOT SBG #55.010 $208,568.00 -963.00 $207,605.00
0011-34008-3811024 TRANSFER/NINTH CT FUEL-R $208,569.00 -964.00 $207,605.00
0011-34009-3314249 FED GRT-5307 FY19 Y037 $475,738.00 -140.00 $475,598.00
0011-34009-3344200 ST GRT-FDOT SBG #55.010 $160,209.00 -160,209.00 $0.00
0011-34009-3344202 ST GRT-FDOT SBG #55.010 $28,847.00 152,639.00 $181,486.00
0011-34009-3811024 TRANSFER/NINTH CT FUEL-R $189,056.00 0.00 $189,056.00
0011-34015-3314215 FED GRT- FTA 5307 #20.507 $526,418.00 -137,309.00 $389,109.00
0011-34017-3314200 FED GRT-FTA 5307 #20.507 $310,337.00 0.00 $310,337.00
0011-34018-3344200 ST GRT-FDOT SBG #55.01 $0.00 391,988.00 $391,988.00
0011-34018-3811024 TRANSFER/NINTH CT FUEL-RR $0.00 391,988.00 $391,988.00
0011-34019-3344200 ST GRT-FDOT SBG #55.010 $0.00 423,578.00 $423,578.00
0011-34019-3811024 TRANSFER/NINTH CT FUEL-RR $0.00 423,578.00 $423,578.00
0011-34020-3344200 ST GRT-FDOT SBG #55.010 $425,818.00 -425,818.00 $0.00
0011-34020-3811024 TRANSFER/NINTH CT FUEL-R $425,818.00 -425,818.00 $0.00
TOTAL $8,310,768.00 -$1,838,480.00 $6,472,288.00
Expenses to be realigned:
Present Increase/ Amended
Account Number Account Name Budget Decrease Budget
0011-34000-5305202 GAS, OIL & LUBRICANTS 900,000.00 -450,000.00 $450,000.00
0011-34000-5305203 OPER MT TIRES & TUBES 402,872.00 -201,436.00 $201,436.00
0011-34001-5303401 CONTRACTED SERVICES 33,316.00 -116.00 $33,200.00
0011-34001-5304602 REPAIR/MAINT-VEHICLES 68,125.00 232.00 $68,357.00
0011-34001-5304701 PRINTING & BINDING 10,000.00 -5,000.00 $5,000.00
0011-34001-5305201 OPERATING SUPPLIES 120,000.00 -60,000.00 $60,000.00
0011-34001-5305264 UNCAPITALIZED EQUIPMENT 91,984.00 -46,088.00 $45,896.00
0011-34002-5303445 CONTR SRV-TRANSIT 3,167,009.00 -2,054,270.00 $1,112,739.00
0011-34002-5606405 EQUIP-VEHICLE,TRLER>$5000 0.00 348,692.00 $348,692.00
0011-34007-5305202 GAS, OIL & LUBRICANTS 262,296.00 -1,116.00 $261,180.00
0011-34008-5305202 GAS, OIL & LUBRICANTS 378,637.00 2.00 $378,639.00
0011-34008-5305203 OPER MT TIRES & TUBES 192,137.00 -1.00 $192,136.00
0011-34008-5305310 MATERIALS-SIGNS 50,000.00 -3,856.00 $46,144.00
0011-34009-5305202 GAS, OIL & LUBRICANTS 389,056.00 -7,710.00 $381,346.00
0011-34015-5303445 CONTR SRV-TRANSIT 400,000.00 -137,309.00 $262,691.00
0011-34018-5303445 CONTR SRV-TRANSIT 0.00 783,976.00 $783,976.00
0011-34019-5303445 CONTR SRV-TRANSIT 0.00 847,156.00 $847,156.00
0011-34020-5303445 CONTR SRV-TRANSIT 851,636.00 -851,636.00 $0.00
TOTAL $7,627,405.00 -$1,838,480.00 $5,788,925.00
LEGAL NOTE
The Board has the authority to act on this matter pursuant to Chapter 125, Florida Statutes.
recommendation
RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached budget resolution to realign Transit grant balances to the FY25 Budget.