Submitted By: Peter Brill
presenter
Presentation By: Peter Brill
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Department: Finance
STAFF RECOMMENDATION (Motion Ready):
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Adopt Budget Resolution 2025-112 amending the Fiscal Year 2023-24 budget to appropriate funds to support expenditures incurred as a result of Hurricane Debby in the amount of $428,847
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OCALA'S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
On August 3, 2024, Tropical Storm Debby strengthened into a hurricane before landfall on Florida's Coast. On August 4, 2024, President Joseph R. Biden, Jr. approved an emergency declaration for Florida. On August 7, 2024, Governor Ron DeSantis approved Executive Order 24-158, declaring a statewide emergency due to Hurricane Debby. Furthermore, on August 2, 2024, Marion County requested a declaration of state of local emergency due to the threat of harm to human life and property from the possible impact of Hurricane Debby.
FINDINGS AND CONCLUSIONS:
During Fiscal Year 2023-24, the City incurred expenses related to Hurricane Debby totaling $428,847. Marion County did not meet the threshold to receive reimbursement from the Federal Emergency Management Agency (FEMA) for Hurricane Debby, resulting in the City incurring all expenses.
FISCAL IMPACT:
As detailed below, budget reserves totaling $428,847 will be used to support Fiscal Year 2023-24 expenditures caused by Hurricane Debby.
Staff recommends and seeks approval of the fund allocations for hurricane-related city expenses as follows:
General Fund $ 4,415
3/4 Mill Fund 809
Gas Tax Fund 7,314
Stormwater Utility Fund 44,482
Sanitation Fund 62,931
Water/Sewer Fund 7,461
Electric Fund 264,390
Fiber Fund 37,045
Total Expenditures $428,847
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
* Adopt with Changes
* Table
* Deny
BUDGET RESOLUTION 2025-112
A RESOLUTION AMENDING THE FISCAL YEAR 2023-24 BUDGET TO APPORPRIATE ...
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