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Budget Resolution to True Up Fund Balances for FY 2025-26
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BRIEF OVERVIEW
Attached is a budget resolution adjusting FY 26 budgeted balance forward cash to align with the actual fund balance calculated for Fiscal Year 2025. The adjustment can increase or decrease revenue based on the fund balance. If sufficient reserves were not available to adjust the expenditure, other line items were adjusted to compensate for the shortfall.
FINANCIAL IMPACT
As detailed on the attached journal and resolution.
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Sec. 129.06, Florida Statutes.
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RECOMMENDATION
It is recommended the Board approve and authorize the Chairman’s signature on the attached budget resolution for the FY 26 True Up.