|Manatee County Government Administrative Center Honorable Patricia M. Glass Chambers, First Floor 9:00 a.m. - November 19, 2019|
Agenda Item #36
Infrastructure Sales Tax Interfund Loan Resolution R-20-002 - Parks and Natural Resources
Contact and/or Presenter Information
Jan Brewer, Director, Financial Management, x 3726
Adoption of Resolution R-20-002 authorizing a short-term loan not to exceed $160,000 from the Infrastructure Transportation Capital Projects fund (Fund 850) to the Infrastructure Sales Tax Parks and Community Facilities fund (Fund 852).
Adoption of Budget Resolution B-20-022 adjusting the FY20-24 CIP amending the annual budget for Manatee County, FL, for fiscal year 2020.
Section 212.055(2) Florida Statutes
Ordinance 16-35 Infrastructure Sales Tax Referendum
Ordinance 16-35 provided for a referendum to be conducted allowing for the collection and distribution of an Infrastructure Sales Tax. The referendum was passed by voters on November 8, 2016, and beginning January 1, 2017, a Half-Cent Discretionary Local Government Infrastructure Sales Surtax is being collected in Manatee County.
Resolution R-18-130, adopted by the Board on August 7, 2018, and Exhibit B of the Resolution, Infrastructure Sales Tax Project and Equipment List, contained a detailed list of the projects to be funded by the Infrastructure Sales Tax and their estimated costs.
This Budget Amendment Transfers $160,000 from reserves in the Infrastructure Transportation Capital Projects fund to the Infrastructure Parks & Community Facility Capital Projects fund to fund the Blackstone Park Soccer Field. This Budget Amendment is being presented to the Board with interfund loan resolution R-20-002.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Copy of adopted resolutions to Financial Management Department: Budget@mymanatee.org.
Cost and Funds Source Account Number and Name
$160,000 fund 852
Amount and Frequency of Recurring Costs
Attachment: R-20-002 Interfund Loan Parks Blackstone.pdf
Attachment: B-20-022 IST interfund loan Parks .pdf