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Board adopts FY2025 budget adjustments, adds $1.64M to reserves and directs portion to roads
Summary
County adopted year‑end adjustments recognizing roughly $11.46M in general‑fund net changes (including ~$3.9M hurricane response) and a $49.28M bond refunding adjustment, increasing operating reserves by $1.64M and agreeing to allocate 10% of that addition to the road fund.
Miranda Leneau, budget manager, presented the fiscal year 2025 final reconciliation, describing adjustments of approximately $11,461,484 to general fund accounts including a roughly $3.9 million cost related to hurricane Milton response and accounting changes tied to GASB requirements and bond refundings.
After discussion and a public hearing with no speakers, a commissioner moved and the board voted to approve the reconciliation and to take 10% of the newly added $1,640,000 in operating reserves and direct it to the county road fund. The motion passed with an affirmative vote recorded as 'passes 4 out.'
Staff said some adjustments were reclassifications required by GASB 87 and by debt refunding activity; the board asked staff to return with detailed line‑item reports as needed.
