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Updated Exhibit A to Memorandum of Understanding With University of Florida for Extension Services to Provide for FY 2024 Proposed Projected Annual Expense Budget
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BRIEF OVERVIEW
Attached for the Board’s review and approval is Exhibit A for FY 2024 Proposed Projected Annual Expense Budget and associated letter reaffirming the Memorandum of Understanding (MOU) between the parties. Exhibit A provides that the annual expenses for all personnel, travel and training will be handled by the University. The County share of these expenses will be handled as a contracted service, with the County being billed quarterly for actual expenses incurred. The proposed budget for these expenses was submitted to the County by the University during the budget process. Other operating expenses will continue to be budgeted by line item in the Cooperative Extension budget.
FINANCIAL IMPACT
The financial impact of the MOU is estimated at $460,295.86 for FY 24 which will be budgeted in contracted services (Account No. 0011-04801-5303401).
LEGAL NOTE
The Board has the authority to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve the updated Exhibit A for FY 24 Proposed Projected Annual Expense Budget for the University of Florida County Extension Services and authorize and approve the Chairman’s signature on the letter reaffirming the existing Memorandum of Understanding.