Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Fiscal Year 2026 Operating Budgets Of Various Funds As Adopted And Approved By Resolution R-2025-335; Amending The Fiscal Year 2026 Capital Improvement Plan As Adopted And Approved By Resolution R-2025-336.
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) 2026 Operating Budget and the FY 2026 Capital Improvement Plan adopted and approved by the City Commission on September 25, 2025, pursuant to Resolutions R-2025-335 and R-2025-336 respectively.
Fiscal Impact:
Exhibits 1 - 12 include budgetary and capital amendments within various funds totaling $40,513,351. The amendments consist of:
Exhibit 1, within the General Fund, recognizes $16,770,000 in fund balance and allocates funding to be transferred to the General Capital Outlay Fund and to the Central Services Fund.
Exhibit 2, within the Special Revenue Fund:
• Recognizes $12,500 from the Broward County 2026 World Cup Municipal Event Support Grant Program and allocates funding for 2026 World Cup events
• Recognizes $50,000 in grant proceeds for the Broward County IGNITE Festival at ArtsPark at Young Circle.
Exhibit 3, within the CDBG and HOME Fund, allocates $270,630 in program income and interest earned to eligible program expenditures.
Exhibit 4, within the Park Impact Fee Fund:
• Allocates $150,000 for the Mara Berman Giulianti Dog Park
• Allocates $1,000,000 for the 441 Linear Park
• Allocates $100,000 for Park Pathways / Walkway improvements.
Exhibit 5, within the County Surtax Transportation Fund allocates $1,161,844 for the continuation of the Community Shuttle Program.
Exhibit 6, within the Multi-Modal Impact Fee Capital Projects Fund, allocates $450,000 to the Neighborhood Green Way project.
Exhibit 7, within the GOB Capital Projects Fund, recognizes and allocates $4,500,000 in interest earned towards eligible capital projects.
Exhibit 8, within the General Capital Outlay Fund, recognizes the transfer of $15,020,000 from the General Fund and allocates funding for various capital projects.
Exhibit 9, within the Major Equipment Replacement Fund, reallocates $250,000 in available capital funding for the purchase of Police radios and related equipment.
Exhibit 10, within the 2022 GO Bond - Second Tranche Capital Projects Fund, recognizes and allocates $12,400,000 in interest earned towards eligible capital projects.
Exhibit 11, within the Parking Enterprise Fund, allocates $2,415,000 toward the Parking portion of the Knights Building property purchase.
Exhibit 12, within the Central Services Fund:
• Reallocates $983,377 to better serve operations needs within the IT department
• Recognizes the transfer of $1,750,000 from the General Fund and allocates funding for motor fuel and oil purchases.
Recommended for inclusion on the agenda by:
Duncan Brown Jr., Director of Budget & Strategy
Adam Reichbach, Assistant City Manager