Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Fiscal Year 2025 Operating Budgets Of Various Funds As Adopted And Approved By Resolution R-2024-317; Amending The Fiscal Year 2025 Capital Improvement Plan As Adopted And Approved By Resolution R-2024-318; 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) 2025 Operating Budget and the FY 2025 Capital Improvement Plan adopted and approved by the City Commission on September 18, 2024, pursuant to Resolutions R-2024-317 and R-2023-318 respectively.
Fiscal Impact:
Exhibits 1 - 9 include budgetary and capital amendments within various funds totaling $22,479,176. The amendments consist of:
Exhibit 1, within the General Fund:
• Recognizes $1,571,449 in funding from the Downtown and Beach Community Redevelopment Agency (CRA) to fund the cost of 15 full-time positions that are being transferred from the CRA. The transfer of these positions is outlined in an attached Memorandum of Understanding between the City and the CRA. A companion resolution (Position Control Amendment) will increase the City’s official position count for FY 2025.
• Recognizes $6,550,000 of surplus fund balance available at the end of FY 2024 and allocates that funding for the Hollywood Beach Golf Course Clubhouse Project and costs of a grant-match for Sunset Park.
Exhibit 2, within the Special Revenue Fund:
• Recognizes $40,000 in grant proceeds from the FDLE Drone replacement grant for the purchase of drones within the Fire Department
• Recognizes $977,592 in grant proceeds from the FY 2024-25 MOST Grant for afterschool programming.
• Recognizes and allocates $137,000 in grant proceeds from the FY 2025 FIND Waterway Assistance grant for the Marina Fuel Pier Project
• Recognizes and allocates $137,000 in grant proceeds from the Broward Boating Improvement (BBIP) grant for the Marina Fuel Pier Project
Exhibit 3, within the Police Grants Fund:
• Recognizes $25,000 in grant proceeds from the Florida Department of Law Enforcement and allocated funding for the purchase of drones.
• Recognizes $33,975 in grant proceeds from the Florida Department of Transportation Pedestrian & Bicycle Safety Grant and allocates the funding for the costs of overtime.
• Recognizes $129,180 in grant proceeds from the Hate Crime Microgrant and allocates funding for overtime and social security costs.
Exhibit 4, within the American Rescue Plan Act Fund:
• Reallocates $69,869 of available, unspent funding into a variety of projects to align final budget and expenditures.
Exhibit 5, within the Park Impact Fee Fund:
• Recognizes $2,500,000 of park impact fees collected in prior years and allocates that funding as follows:
o $2,250,000 for costs associated with the Hollywood Beach Golf Course Clubhouse projects
o $250,000 for shade covers and fitness equipment at Jefferson Park and Stan Goldman Park.
Exhibit 6, within General Capital Outlay Fund:
• Recognizes a transfer of $6,550,000 of available fund balance from the General Fund and allocates it as follows:
o $3,750,000 for a required grant match related to Sunset Park.
o $2,800,000 for costs associated with the Hollywood Beach Golf Course Clubhouse project.
• Reallocates $450,000 of available funding from existing projects to fund costs associated with the Hollywood Beach Golf Course Clubhouse project.
Exhibit 7, within the Second Tranche, General Obligation Bond (GOB) Fund:
• Recognizes and allocates $3,750,000 in available funding for a required grant match related to Sunset Park.
Exhibit 8, within the Parking Fund
• Recognizes $6,000,000 of available fund balance and allocates $5,000,000 for the purchase of land for the construction of a new parking garage and allocates $1,000,000 for initial design and engineering costs.
Exhibit 9, within the Central Services Fund:
• Recognizes a transfer of $108,111 in funding from the CRA for the costs associated with a Public Relations and Media Coordinator position within the Office of Communications, Marketing, and Economic Development. This is one of the positions that is being transferred from the CRA to the City.
Recommended for inclusion on the agenda by:
Jonathan Antista, Director of Budget & Performance Management
Adam Reichbach, Assistant City Manager