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Budget Resolution Recognizing Purchase Orders Carried Over From FY 2024
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BRIEF OVERVIEW
The attached budget resolution recognizes the remaining budget balances from purchase orders (POs) carried over from the prior fiscal year (FY24) to FY 2025 (FY25). This increases the FY25 budget by $62,753,065 to align with the encumbrances brought forward with the POs. The POs were associated with projects and purchases that weren’t completed within the fiscal year, which is why they were rolled forward.
FINANCIAL IMPACT
The attached resolution increases the FY25 Budget for various funds rolled from the prior year, increasing overall budget by $62,753,065.
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Chapter 129.06, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached budget resolution recognizing the remaining budget balances from the purchase orders carried over from FY 2024 to FY 2025.