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Budget Resolution Recognizing Difference Between Budgeted Fund Balances and Actual Fund Balances Recorded at End of FY 2022-23
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BRIEF OVERVIEW
Attached is a budget resolution which recognizes the difference between the budgeted fund balances and the actual fund balances recorded at the end of Fiscal Year 2022 for the General Fund. Any difference would be a one-time revenue/loss which should not be used to fund recurring expenses.
These additions/reductions in funds were not anticipated nor were they included in the General Fund's Fiscal Year 2023 Budget. The overall increase to the General Fund is $732,645.00.
FINANCIAL IMPACT
Increase / decrease to various departments and accounts within the General Fund to recognize FY22 actuals.
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Chapter 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 recognizing the difference between the budgeted fund balances and the actual fund balances recorded at the end of Fiscal Year 2022 for the General Fund.