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Agenda item#:L0PALM BEACH COUNTY BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY December 18, 2012Meeting Date:Department Submitted By: Submitted For:(X) Consent () Ordinance() Regular () Public
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What is ii fiscal impact?
ii fiscal impact is a financial assessment of the effect that a particular policy, project, or decision would have on the government's budget or finances.
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Government agencies, departments, or entities that are proposing policies, projects, or decisions that could have a significant financial impact on the government are required to file ii fiscal impact.
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To fill out ii fiscal impact, government agencies or entities must analyze the financial implications of their proposed policies, projects, or decisions and report this information in a standardized format.
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The purpose of ii fiscal impact is to provide transparency and accountability in government decision-making by documenting the financial consequences of proposed policies, projects, or decisions.
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Information that must be reported on ii fiscal impact includes estimated costs, revenues, savings, and other financial considerations related to the proposed policy, project, or decision.
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