MOTION TO APPROVE: Approval of the Amended MTECC Operating Fund Budget and Capital Project Fund for fiscal year 2023-24.

This provides the budget authority for MTECC Operating Fund and Capital Project Fund for the Project B-23-CP-FL-0383 - COCONUT CREEK HUD PROJECT - LIGHTING ON LYONS ROAD, repaying advances from the Operating Fund to the Capital Projects Fund of $25,000 and adds the entire project budget to the Capital Projects Fund for the project to support implementing the Tri-Party Agreement between Broward MPO, City of Coconut Creek and MTECC (Note this action is pending final action on the Tri-Party Agreement on July 11, 2024.)

The Annual Budget provides the authority for MTECC’s activities in delivering projects on behalf of MTECC members.

 

The amended budget makes the following adjustments:

 

· Project activities supported by $3,510,000 Federal grant and $35,000 City funds in a Tri-Party Agreement between the Broward MPO, City of Coconut Creek and MTECC.

· Repays the prior advance from the MTECC Operating Fund of $25,000.00 for the project.

 

The key amended line items are highlighted in yellow highlights in the attached Exhibit A on pages 5, 7 and 8.

Recommend approval of the amended MTECC Operating Budget and MTECC Capital Project Fund Budget for fiscal year 2023-24.

If you have any questions about this item, please contact Lowell Clary at (850) 212-7771 and claryl@mteccfl.org.