Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Fiscal Year 2022 Operating Budgets Of Various Funds As Adopted And Approved By Resolution R-2021-244; Amending The Fiscal Year 2022 Capital Improvement Plan As Adopted And Approved By Resolution R-2021-245.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the Resolution.
Explanation:
This Resolution seeks authorization to amend the Fiscal Year (FY) 2022 Operating Budget and the FY 2022 Capital Improvement Plan adopted and approved by the City Commission on September 23, 2021, pursuant to Resolutions R-2021-244 and R-2021-245 respectively.
Fiscal Impact:
Exhibits 1-15 include budgetary amendments within the General Fund, Special Revenue Fund, Police Grants Fund, Building Fund, CDBG Fund, American Rescue Plan Act Fund, Park Impact Fee Fund, General Capital Outlay Fund, Major Equipment Replacement Fund, Water and Sewer Fund, Stormwater Fund, Sanitation Fund, Parking Fund, Internal Service Fund, and the Self Insurance Fund totaling $13,478,072. The amendments consist of:
Exhibit 1 within the General Fund:
• Transfers $500,000 in available fund balance to the Major Equipment Replacement Fund for the purchase of replacement police vehicles.
• Transfers $50,000 in available funds to cover the costs of non-pension litigation cases.
• Recognizes and allocates $4,621,265 of the recently approved bank loan proceeds to pay off the outstanding pension settlement to the General Employee Pension Board. This exhibit also allocates $397,805 to cover the August debt service payment on the loan.
Exhibit 2 recognizes $8,946 in fund balance and allocates it to the Junior Lifeguard Program within the Special Revenue Fund.
Exhibit 3 within the Police Grants Fund:
• Recognizes Justice Assistance Grant (JAG) proceeds in the amount of $43,042 and allocates it for the purchase of fixed mount Automated License Plate Reader camera systems and associated equipment.
• Recognizes $1,702,000 through the FY 2022 Community Project Funding (federal appropriation) and allocates it for the purchase of 250 body worn cameras and other equipment purchases.
Exhibit 4 within the Building Fund:
• Transfers $100,000 from contingencies to increase the amount budgeted for property demolition services for properties approved for demolition by Broward County’s Unsafe Structure Board.
• Recognizes and allocates $376,843 of the recently approved bank loan proceeds to pay off the outstanding pension settlement to the General Employee Pension Board. This exhibit also allocates $32,440 to cover the August debt service payment on the loan.
Exhibit 5 reallocates available CDBG-CV3 funds in the amount of $55,107 for program administration.
Exhibit 6 reallocates available American Rescue Plan Act (ARPA) funds in the amount of $120,000 for two eligible software purchases.
Exhibit 7 allocates $750,000 within the Parks Impact Fee Fund for additional pickleball courts and upgrades to the skateboard park at Stan Goldman Park.
Exhibit 8 within the General Capital Outlay Fund:
• Recognizes $165,000 from the sale of fire aerial apparatus and allocates the proceeds to supplement the purchase of future fire vehicles and/or equipment.
• Recognizes and allocates $25,500 in grant proceeds from the FY 2021 Urban and Community Forestry (UCF) Grant and $25,500 City grant match for the completion of a Citywide tree inventory.
Exhibit 9 within the Major Equipment Replacement Fund recognizes the transfer from the General Fund in the amount of $500,000 and amends the capital budget in the amount of <$1,620,000> to reflect the actual bank loan proceeds and actual police vehicle costs.
Exhibit 10 within the Water and Sewer Fund:
• Transfers $1,100,000 in available funds to serve the needs of the department.
• Recognizes and allocates $2,064,623 of the recently approved bank loan proceeds to pay off the outstanding pension settlement to the General Employee Pension Board. This exhibit also allocates $177,726 to cover the August debt service payment on the loan.
Exhibit 11 within the Stormwater Fund:
• Recognizes and allocates $109,046 of the recently approved bank loan proceeds to pay off the outstanding pension settlement to the General Employee Pension Board. This exhibit also allocates $9,388 to cover the August debt service payment on the loan.
• Transfers $21,000 to serve the needs of the department.
Exhibit 12 within the Sanitation Fund recognizes and allocates $148,450 of the recently approved bank loan proceeds to pay off the outstanding pension settlement to the General Employee Pension Board. This exhibit also allocates $12,779 to cover the August debt service payment on the loan.
Exhibit 13 within the Parking Fund:
• Recognizes and allocates $219,019 of the recently approved bank loan proceeds to pay off the outstanding pension settlement to the General Employee Pension Board. This exhibit also allocates $18,854 to cover the August debt service payment on the loan.
• Recognizes and allocates $267,500 for the extension of equipment warranties and purchase of fleet replacements
Exhibit 14 within the Internal Service Fund:
• Recognizes and allocates $897,652 of the recently approved bank loan proceeds to pay off the outstanding pension settlement to the General Employee Pension Board. This exhibit also allocates $77,272 to cover the August debt service payment on the loan.
• Transfers debt service budgets totaling $433,080 for the purchase of police vehicles into the appropriate accounts.
Exhibit 15 within the Self Insurance Fund recognizes and allocates $63,102 of the recently approved bank loan proceeds to pay off the outstanding pension settlement to the General Employee Pension Board. This exhibit also allocates $5,433 to cover the August debt service payment on the loan.
Recommended for inclusion on the agenda by:
Laurette Jean, Director of Budget & Performance Management
Adam Reichbach, Assistant City Manager for Finance and Administration