Legislation Details

File #: 25-0229    Version: 1 Name: Approval of carry over requests for Stormwater Management Commission (SMC) Budget for Fiscal Year (FY) 2025
Type: commission action item Status: Passed
File created: 1/30/2025 In control: Lake County Stormwater Management Commission
On agenda: Final action: 2/6/2025
Title: Approval of carry over requests for Stormwater Management Commission (SMC) Budget for Fiscal Year (FY) 2025
Attachments: 1. February 2025 SMC Carryovers

Title

Approval of carry over requests for Stormwater Management Commission (SMC) Budget for Fiscal Year (FY) 2025

Staff Summary

•                     Unused appropriations lapse at the end of each fiscal year and it is necessary to carry over unspent budget authority from FY2024 to FY2025, as defined in the County Budget Policies.

•                     SMC February 2025 carry over requests includes contracts for the Department of Commerce and Economic Opportunity for projects that were not completed in FY2024 and therefore SMC will carryover $32,520,167.44 to FY2025.

•                     The carry over items must be authorized through an emergency appropriation to transfer the budget authority that was previously granted in FY2024 to FY2025.