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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...
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