CITY COUNCIL AGENDA ITEM
Memo Date: November 15, 2023
Agenda Date: November 28, 2023
Prepared By: David Radford, Senior Budget Analyst
Through: Rebecca Bowman, Finance Director
Requested Action:
title
Approve a Resolution Amending the FY2023 Budget, BAF# 23-134-IFT-1 to return funds to Cocoa CRA as a result of unspent budget for Cocoa Village CRA policing contract with Cocoa PD.
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BACKGROUND:
The City of Cocoa Police Department provides dedicated police services to Cocoa Village on Thursday, Friday and Saturday nights that is paid by the Cocoa CRA as a result of an interlocal agreement with the City. The estimated costs of these services was $72,800 for FY23. An interfund transfer was previously recorded on monthly BAF transfers for the estimated amount from the Cocoa CRA to the City for FY23. The actual costs ($31,741) were less than the budget estimates, so the City must transfer any amount that was not spent back to the Cocoa CRA within the fiscal year. The FY23 budgeted funds that were not spent are being transferred back to the Cocoa CRA with BAF#23-134-IFT-1. The Cocoa CRA held their meeting on 11/7/23 and BAF#23-134-IFT-2 was approved by the Board, accepting the funds back into the CRA 110 Fund.
STRATEGIC PLAN CONNECTION:
BUDGETARY IMPACT:
Budgeted No
If not budgeted, is amendment/transfer attached? Yes
Amount Requested ($41,059)
Account Number 001-2100-521.12-00
Account Name Regular Salaries & Wages
Amount Requested $41,059
Account Number 001-1600-581.91-10
Account Name Interfund Transfer 001 to 110
PREVIOUS ACTION:
RECOMMENDED MOTION:
Recommendation
Approve a Resolution Amending the FY2023 Budget, BAF# 23-134-IFT-1 to return funds to Cocoa CRA as a result of unspent budget for Cocoa Village CRA policing contract with Cocoa PD.