Submitted By: Marcella Hughes
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Presentation By: Peter Brill
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Department: Finance
STAFF RECOMMENDATION (Motion Ready):
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Adopt Budget Resolution 2025-116 amending the Fiscal Year 2023-24 budget to appropriate funds to support expenditures incurred as a result of Hurricane Helene in the amount of $600,869
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OCALA'S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
On September 24, 2024, Tropical Storm Helene strengthened into a hurricane before landfall on Florida's Coast. On September 28, 2024, President Joseph R. Biden, Jr. approved an emergency declaration for Florida. On September 24, 2024, Governor Ron DeSantis approved executive order 24-209, declaring a statewide emergency due to Hurricane Helene. Furthermore, on September 23, 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 Helene.
FINDINGS AND CONCLUSIONS:
During Fiscal Year 2023-24, the City incurred expenses related to Hurricane Helene totaling $600,869. Hurricane Helene is in the process of being a declared FEMA event for Marion County, which will result in the City accruing all expenses for Fiscal Year 2023-24 and finalizing the expenses in Fiscal Year 2024-25.
FISCAL IMPACT:
As detailed below, budget reserves totaling $600,869 will be used to support Fiscal Year 2023-24 expenditures caused by Hurricane Helene.
Staff recommends and seeks approval of the fund allocations for hurricane-related city expenses as follows:
General Fund $ 63,402
3/4 Mill Fund 5,186
Gas Tax Fund 12,030
Stormwater Utility Fund 21,795
Sanitation Fund 7,950
Water/Sewer Fund 33,139
Electric Fund 425,854
Fiber Fund 31,513
Total Expenditures $600,869
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
* Adopt with Changes
* Table
* Deny
BUDGET RESOLUTION 2025-116
A RESO...
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