Laserfiche WebLink
The Clerk of Circuit Court and the Supervisor of Elections both sent calculations back <br />offering to reduce their budget by the full amount of the retirement savings. The Sheriff <br />and the Property Appraiser would like to retain a portion of the savings and return the <br />remaining balance. Sheriff Wheeler has total retirement savings of $159,160.00; however, <br />he would like to utilize $68,800.00 of the savings to pay for unanticipated Y2K software <br />upgrades and then reduce his budget by $90,360.00. David Nolte, Property Appraiser, has <br />total retirement savings of $24,720.00 of which he would like to utilize $2,907.00 for a <br />temporary employee and return the remaining balance of $21,813.00 at year-end. <br />The Emergency Services District had a savings of $80,602.00 but due to unforeseen <br />overtime this year in the Fire Department, staff feels that only half of the retirement savings <br />could be moved forward as Cash Forward Revenue. <br />After taking into consideration the Sheriff and Property Appraiser's request as well as the <br />Emergency Service District only being able to use half of the retirement savings, the <br />amount that staff recommends using to reduce ad valorem taxes is shown below: <br />General Fund <br />BCC Departments $ 74,679.00 <br />Clerk of Circuit Court $ 22,090.00 <br />Property Appraiser $ 17,891.00 <br />Sheriff ($159,160 - $68,800) $ 90,360.00 <br />Supervisor of Elections $ 5.157.00 <br />Total General Fund $ 210,177.00 <br />M.S.T.U. $ 13,631.00 <br />Transportation Fund $ 55,832.00 <br />Emergency Services $ 40,301.00 <br />Land Acquisition $ 294.00 <br />Total $ 320,235.00 <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve utilizing the above <br />shown amounts as Cash Forward Revenue to offset the 1999/2000 ad valorem taxes and <br />request that the Constitutional Officers reduce their budget <br />TO: Members of the Board <br />Of County Commissioners <br />DATE: July 2, 1999 <br />SUBJECT: FLORIDA RETIREMENT SAVINGS —AGENDA ITEM CHANGE <br />FROM: Joseph A. Baird <br />OMB Director <br />Since the agenda item was written on June 30, 1999, the Sheriff has contacted the Budget <br />Office and now only needs $45,600.00 of the Retirement Savings for the unanticipated <br />Y2K upgrades. This means that if the Board of County Commissioners concur, there will <br />be $23,200.00 more in Cash Forward Revenue for the General Fund. This will bring the <br />total General Fund Retirement Savings to $233,377.00 and the total overall savings to <br />$343,435.00. <br />JULY 69 1999 <br />-69- BOOK iUJ PAGE 19 <br />