Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Fiscal Year 2023 Operating Budgets Of Various Funds As Adopted And Approved By Resolution R-2022-283; Amending The Fiscal Year 2023 Capital Improvement Plan As Adopted And Approved By Resolution R-2022-284; Authorizing The Appropriate City Officials To Accept Grants And Execute All Applicable Grant Documents.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
This Resolution seeks authorization to amend the Fiscal Year (FY) 2023 Operating Budget and the FY 2023 Capital Improvement Plan adopted and approved by the City Commission on September 22, 2022, pursuant to Resolutions R-2022-283 and R-2022-284 respectively.
Fiscal Impact:
Exhibits 1-10 include budgetary amendments within various funds totaling $86,097,353. The amendments consist of:
Exhibit 1, within the General Fund:
• Recognizes $7,500 refund and allocates it for the purchase of canine supplies for the Police Department.
• Transfers $24,748 within the Department of Fire-Rescue & Beach Safety and Department of Design & Construction Management to address their operational needs.
• Recognizes $35,612 from the City of Hallandale Beach for beach maintenance services and allocates the funds to the General Capital Fund for beach maintenance equipment.
• Recognizes $23,822,822 of excess fund balance and transfers it to the General Capital Fund and Central Services Fund for Citywide projects.
• Transfers $73,461 from General Fund contingency to cover prior year expenses deemed ineligible for the HOME grant.
Exhibit 2, within the Police Grant Funds, accepts a grant from the Pedestrian and Bicycle Safety Grant Program in the amount of $37,807 and allocates it for staffing cost for education and reinforcement of pedestrian, bicyclist, and driver safety.
Exhibit 3, within the Community Development Block Grant (“CDBG”) Fund, reallocates available funds in the amount of $37,395 between accounts to properly account for program expenditures.
Exhibit 4, within the American Rescue Plan Act (“ARPA”) Fund, reallocates available funds in the amount of $699,100 for eligible critical projects.
Exhibit 5, within the State Local Housing Assistance Fund, reallocates available funds in the amount of $24,376 to properly account for program expenditures.
Exhibit 6, within the General Obligation Bond Fund, recognizes $9,700,000 million in bond proceeds from the second tranche and allocates it for gap funding for previously approved projects under the Parks, Golf, and Open Space category.
Exhibit 7, within the General Capital Fund:
• Reallocates available funds from completed projects for gap funding in the amount of $543,548 needed for the Second Floor Library and Fire Station 105 Roof Replacement projects.
• Reallocates $9,100,000 from the Art & Culture and Hollywood Beach Golf projects which will be funded with proceeds from the second tranche of the GO Bond.
• Recognizes a transfer of $22,665,322 from the General Fund to fund 33 new and existing projects managed by several city departments and offices. These projects were discussed during the CIP workshop.
Exhibit 8, within the Water and Sewer Fund:
• Transfers available funds in the amount of $425,580 from contingency for emergency repair at the Southern Regional Wastewater Treatment Plant.
• Reallocates funding in the amount of $2,270,289 for various projects.
• Transfers $2,492,350 of available funds from closed water and sewer projects to contingencies.
• Transfers $422,000 between water and sewer professional services accounts in accordance with Resolution R-2023-048.
• Recognizes $11,332,236 in net assets and allocates it for sewer extension in Hollywood Hills.
• Reallocates available funds in the amount of $969,000 for professional services related to lead and copper requirements.
• Reallocates $115,065 between water and sewer operating accounts to address the operational needs of the department.
Exhibit 9, within the Stormwater Fund, reallocates funds in the amount of $141,642 for drainage improvements along 26th avenue.
Exhibit 10, within the Central Services Fund, recognizes a transfer of $1,157,500 from the General Fund to fund various citywide technology projects.
Recommended for inclusion on the agenda by:
Laurette Jean, Director of Budget & Performance Management
Adam Reichbach, Assistant City Manager for Finance and Administration