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Budget Resolution to Balance Grant Funds for Grant With State Department of Environmental Protection for Installation of Hut Pumping Station and Force Main Project for Utilities Department
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BRIEF OVERVIEW
To adjust and balance funds from FY24 to FY25 carry forwards for the grant department 33507, “The Hut” grant project.
FINANCIAL IMPACT
Decrease revenue account Fund: 4144 - HCUD-Capital, Department: 33507 - HCUD-Hut ST&FM WG024, Account: 3999078 - Transfer/Grant Match in the amount of ($346,404) and decrease expenditure account Fund: 4144 - HCUD-Capital, Department: 07244 - HCUD-Capital, Account: 5999078 - Transfer-Grant match in the amount of ($346,404).
LEGAL NOTE
The Board has authority to act on this item pursuant to Chapter 125, 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 to adjust/balance the named grant department.