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Io A,2, <br />replacement pgs <br />Public Hearing <br />Indian River County <br />• Interoffice Memorandum <br />Office of Management & Budget <br />To: Members of the Board of County Commissioners <br />From: Kristin Daniels <br />Director, Office of Management & Budget <br />Date: October 30, 2021 <br />Subject: Miscellaneous Budget Amendment 012 <br />Description and Conditions <br />In accordance with Florida Statue 129.06(2)(f), this public hearing was advertised on Friday, <br />November 5, 2021 for the purpose of hearing comments from the public regarding the changes to the <br />County's FY 2020-2021 budget to reflect actual cash balance dollars being allocated as follows: <br />Road & Bridge needs to replace the following equipment: Wheeled Excavator $246,676, Mini <br />Excavator $51,111, Compact Utility Tractor $29,577, Compact Light Tower $11,000 and a <br />High -Flow Cutter Head $34,500. Exhibit "A" appropriates funding of $372,864 from <br />Transportation Fund/Cash Forward -Oct 111 <br />• 2. On March 9, 2021, the Board of County Commissioners approved a modification to County <br />Code that pertained to payment and collections of certain utility bills. On October 5, 2021 the <br />Board of County Commissioners approved $582,508 in penalties and interest to be written off <br />in the Utilities Fund. Exhibit "A" appropriates funding from Utilities/Cash Forward -Oct 1St <br />3. Due to computer equipment being purchased with CARES Act funding to facilitate teleworking, <br />additional depreciation must be recorded. Exhibit "A" appropriates funding of $45,000 from <br />Information Technology/Cash Forward -Oct 1St <br />• <br />4. On August 18, 2020, the Board approved the purchase of a dump truck that is needed by <br />Stormwater for nutrient removal at Moorhen Marsh. Exhibit "A" appropriates funding of <br />$161,998 from Transportation/Cash Forward -Oct 111 <br />5. The Moorings Streetlighting Fund electric costs have exceeded budgeted estimates. Exhibit <br />"A" appropriates $3,700 from Cash Forward -Oct 1St to fund these expenses. <br />6. Expenses have exceeded the estimated budget in Traffic Impact Fees/District II. Exhibit "A" <br />appropriates $400,000 from Traffic Impact Fees/District II- Cash Forward -Oct 1St <br />7. The Self Insurance Fund has incurred a large worker's compensation claim, settlement on the <br />Ocean Concrete case, multiple vehicle losses, expenses related to the Tree Frog fire and <br />various other unanticipated expenses. Exhibit "A" appropriates $2,816,981 from Self <br />Insurance Fund/Cash Forward -O -It 1St and $126,641 from Transportation Fund/Cash Forward - <br />Oct 1 St <br />1J <br />