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Seminole County approves $75 million midyear budget adjustment to reconcile fund balances
Summary
The Board approved a $75 million budget amendment to align FY25 beginning fund balances with FY24 audited results, reallocating reserves across funds including water and sewer, infrastructure sales tax and fire services.
Seminole County commissioners on Tuesday approved a $75 million midyear budget amendment to reconcile budgeted FY25 beginning fund balances with audited FY24 fund equities.
Timothy Jeks, budget manager in the county Office of Management and Budget, told the board the amendment — advertised May 8 in the Orlando Sentinel — “reconciles budgeted FY25 beginning fund balances to the actual fund equities reported in the 2024 ACFR.” The amendment includes $32 million budgeted revenue…
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