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BOOK' F�c� <br />ZL SHERIFF - FLORIDA RETIREMENT SAVINGS - Y2K COMPUTED <br />UPGRADES <br />The Board reviewed a Memorandum of August 18, 1999 and a letter of July 22,1999: <br />TO: Members of the Board <br />of County Commissioners <br />CONSENT AGENDA <br />DATE: August 18, 1999 <br />SUBJECT: FLORIDA RETIREMENT SAVINGS <br />FROM: Joseph A. Bain' <br />OMB Director <br />The Sheriff is requesting that the Board of County Commissioners reconsider allowing him <br />to use $45,600 of the $159,160 in retirement savings to fund Y2K upgrades. On July 6, <br />1999 the Board of County Commissioners did not approve the Sheriffs request to utilize <br />these funds. <br />Staff feels that since the Sheriff is cooperating in returning $113,560 of the retirement <br />savings and is willing to reduce his budget, that the Board of County Commissioners <br />approve this request. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve this request since the <br />Sheriff is willing to reduce his budget and return the majority of the retirement savings. <br />AUGUST 24, 1999 <br />-22- <br />