Exhibit_B_-_BCC-21_2.pdf

This document is a Budget and Financial Policy (Policy Number BCC-21) for Brevard County Board of County Commissioners, approved on August 27, 2024, and originally issued on May 26, 2016. The policy establishes comprehensive guidelines for financial management, budgeting, accounting, reporting, and control systems. It provides clear direction to staff for managing the county's finances, developing annual operating and capital improvement budgets, and maintaining sound financial planning practices. The policy covers key areas including financial planning, accounting and reporting, debt financing, revenue management, budget amendments, reserve accounts, and fund balance accounts.

The document outlines specific objectives such as providing maximum public benefit for minimal public investment, developing budgets in conjunction with county departments and the Budget Office, and maintaining financial practices consistent with Florida Statutes and Government Finance Officers Association (GFOA) standards. It establishes detailed procedures for budget development, fund balance management, reserve accounts, and financial reporting, with a goal of maintaining at least 10% of projected operating revenues in unrestricted reserves. The policy also provides guidelines for debt financing, short-term borrowing, revenue management, and quarterly funding requests, emphasizing financial transparency, prudent resource allocation, and adherence to legal and regulatory requirements.