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Updated Exhibit A to Memorandum of Understanding With University of Florida for Extension Services to Provide for FY 2025 Proposed Projected Annual Expense Budget
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BRIEF OVERVIEW
The Hernando County Cooperative Extension Service operates under a Memorandum of Understanding (MOU) with the University of Florida Board of Trustees (University) that runs until September 30, 2027. Attached for the Board’s review and approval is a revised Exhibit A to the MOU for FY 2025 Proposed Annual Expense Budget and associated letter reaffirming the MOU between parties. Exhibit A provides 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 $541,252.07 for FY 2025 which was budgeted in Fund: 0011 - General Fund, Department: 04801 - Cooperative Extension SVC, Account: 5303401 - Contracted Services.
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 2025 Proposed Final Annual Expense Budget for the University of Florida County Extension Services and ratify the signature of the Community Services Director on the letter reaffirming the existing Memorandum of Understanding.