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Public Hearin Indian River County 'A o tf P rp Interoffice Memorandum Office of Management & Budget To: Members of the Board of County Commissioners Through: John A. Titkanich, Jr. County Administrator From: Kristin Daniels Director, Office of Management & Budget Date: June 13, 2023 Subject: Miscellaneous Budget Amendment 05 Description and Conditions In accordance with Florida Statue 129.06(2)(f), this public hearing was advertised on Friday, June 16, 2023 for the purpose of hearing comments from the public regarding the changes to the County's FY 2022-2023 budget to reflect actual cash balance dollars being allocated as follows: 1. On June 7, 2016, the Board of County Commissioners approved a Local Jobs Grant for Tocqueville Asset Management LP. The third payment to Tocqueville in the amount of $47,349.17 and payment to the State of Florida in the amount of $13,898.50 for the company's Qualified Target Industry Tax Refund has been processed. Exhibit "A" appropriates $61,248 from General Fund/Cash Forward -Oct 1St 2. Funds for several project need to be rolled into Fiscal year 2022-2023. Exhibit "A" appropriates funding of $41,942 from General Fund/Cash Forward -Oct 18t and $1,000 from CDBG/Cash Forward -Oct 1st 3. On April 18, 2023, the Board of County Commissioners approved the purchase of a Motor Grader for the Road & Bridge Division. Exhibit "A" appropriates $315,501 from Transportation Fund/Cash Forward -Oct 111 4. Changes to the capital asset threshold policy resulted in accounting entries needed to record expenditures. Exhibit "A" appropriates funding of $17,815 from SWDD/Cash Forward -Oct 1St $34,784 from Sandridge/Cash Forward -Oct 1st, $11,699 Building Dept/Cash Forward -Oct 1St $1,187,216 from Utilities/Cash Forward -Oct 1St , $2,874 from Fleet/Cash Forward -Oct 1St, and $184,145 from Information Technology/Cash Forward -Oct 11t 5. Several departments incurred expenses during/after Hurricane Ian and Hurricane Nicole. Exhibit "A" appropriates Cash Forward -Oct 1St from the following funds: General Fund $30,259, MSTU Fund $6,081, Transportation Fund $5,004, Emergency Services $178,850, Beach Restoration Fund $77,325, SWDD $218,331, Sandridge $30,880, Utilities $822,577, Self -Insurance $18,266 and Information Technology $2,500. The damage inventory has been submitted to the Federal Emergency Management Agency (FEMA) for reimbursement upon validation. ro. A 3.