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Budget Resolution Realigning FY 2024-25 Budget to Exhaust Federal Grant Funding for Transit Department
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BRIEF OVERVIEW
Transit budgeted FY25 payroll expenses in Federal Transit Administration (FTA) Grant FL-2022-033 GMS 473 Department 34017. The funding in the grant has been exhausted and the grant will be closed.
Transit payroll will be paid from FTA Grant FL-2020-092 GMS 381 34015, for the remainder of FY25 starting the pay period March 16, 2025.
FINANCIAL IMPACT
The Budget in FL-2022-033 will decrease by $184,283.00. The attached budget amendment will align funding in Grant FL-2020-092 for remaining FY25 payroll expenses.
Revenue:
Fund: 0011 - General Fund, Department: 34017 - Fed GRT-FTA 5307 ARPA, Account: 3314200 - FED GRT-FTA 5307 #20.507, in the amount of ($184,283.00)
Expense:
Fund: 0011 - General Fund, Department: 34017 - Fed GRT-FTA 5307 ARPA, Account: 5101200 - Salaries & Wages-Regular, in the amount of ($105,634.00)
Fund: 0011 - General Fund, Department: 34017 - Fed GRT-FTA 5307 ARPA, Account: 5102100 - FICA Taxes-Matching, in the amount of ($8,143.00)
Fund: 0011 - General Fund, Department: 34017 - Fed GRT-FTA 5307 ARPA, Account: 5102200 - Retirement Contributions, in the amount of ($27,308.00)
Fund: 0011 - General Fund, Department: 34017 - Fed GRT-FTA 5307 ARPA, Account: 5102300 - Life & Health Insurance, in the amount of ($38,262.00)
Fund: 0011 - General Fund, Department: 34017 - Fed GRT-FTA 5307 ARPA, Account: 5102400 - Workers Comp Premiums, in the amount of ($136.00)
Fund: 0011 - General Fund, Department: 34017 - Fed GRT-FTA 5307 ARPA, Account: 5951210 - Transfer Health Self Insurance (5121), in the amount of ($4,800.00). The reduction of this transfer amount is offset by the increase of the same amount via budget amendment on Budget Amendment 2025-093; hence, the budget transfer amount between funds would net out to zero and remain balanced after both budget this reducing resolution and that budget amendment are booked.
LEGAL NOTE
The Board has authority to act on this matter pursuant to Section 341.052 and Chapter 125, Florida Statutes and Rule 14-73, F.A.C.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached reducing budget resolution to close out the grant.