SUBJECT
title
Request Board to adopt a resolution accepting unanticipated revenue for Hurricane Milton Debris. (Estimated one-time federal and state revenue $10,970,795.00)
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DESCRIPTION
Hurricane Milton made landfall with hurricane force winds and heavy rain depositing debris throughout Polk County causing an estimated $21.7 million in damages. The Board approved a Federal-Funded Agreement with FEMA and the State of Florida on February 18, 2025 for expedited debris removal project. The original agreement explained to the Board that if The County received approximately half of the estimated cost of damages ($10,817,250.00) via an expedited process. This funding is authorized under Section 407 of the Robert T. Stafford Act.
Approval of this agenda item will result in a budget resolution to establish budget to accept federal and state revenue.
RECOMMENDATION
Request Board adopt the resolution amending the FY 24/25 Budget in the Hurricane Milton Fund accepting the unanticipated revenue of $10,970,795 for debris removal.
FISCAL IMPACT
Adopt resolution amending the FY 24/25 budget in the amount of $10,970,795 with the following revenue breakdown.
|
Federal: |
$10,016,001 |
|
State: |
$477,397 |
|
General Fund Match: |
$477,397 |
|
Total |
$10,970,795 |
CONTACT INFORMATION
Christia Johnson
Budget and Management Services Director
Phone: 863-534-5985