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 attached 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, 2, and 3 include budgetary amendments for a net amount of $426,131 within the General Fund, Special Revenue Fund, and the Police Grants Fund. The amendments primarily consist of:
• A rollover of $374,160 within the General Fund for various goods and services procured but not received/fully rendered in the prior fiscal year. This includes the purchase of small equipment for the Parks Department, funding for the Marina Master Plan, Phase 1 of the Comprehensive Plan, and the lease of Code Enforcement vehicles.
• A modification of <$708,600> within the General Fund to align with the other ARPA approved funded projects and expenditures. The budgetary changes are based on the recommendations made by the City’s external auditors.
• $49,240 of unclaimed evidence revenues is recognized and appropriated within the Special Revenue Fund for eligible police expenditure.
• Grant proceeds in the amount of $50,000 from the Broward Boating Improvement Program (BBIP) Grant is recognized and allocated for eligible expenditures.
• Grant proceeds in the amount of $104,260 from the Victims of Crime Act (VOCA) Grant is recognized and allocated for eligible expenditures.
• Grant proceeds in the amount of $554,571 from the Children's Services Council Maximizing Out of School Time (CSC-MOST) Grant is recognized and allocated for summer camps and after-school programming.
Exhibits 4, 5, and 6 include $62,500 of budgetary amendments within the Park Impact Fee Fund, General Capital Outlay Fund, and Parking Enterprise Fund. The amendments primarily consist of:
• A correction in the amount of <$150,000> reversing a previously approved budget amendment within the Park Impact Fee Fund for tree mitigation projects.
• $150,000 of available fund balance is correctly recognized and allocate for various tree mitigation projects within in the General Capital Outlay Fund.
• Within the Parking Enterprise Fund, $62,500 is allocated for the replacement of the master meter modems.
Exhibit 7 include $712,721 of budget amendments within the Central Service Fund. The amendments primarily consist of:
• Reallocation of debt service expenses in alignment with the City’s Accounting policies.
• A rollover of $305,847 for IT equipment purchased in the prior fiscal year but not yet received.
Recommended for inclusion on the agenda by:
Laurette Jean, Director of Budget & Performance Management
Adam Reichbach, Assistant City Manager for Finance and Administration