Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Fiscal Year 2024 Operating Budgets Of Various Funds As Adopted And Approved By Resolution R-2023-300; Amending The Fiscal Year 2024 Capital Improvement Plan As Adopted And Approved By Resolution R-2023-301.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the Resolution.
Explanation:
This Resolution seeks authorization to amend the Fiscal Year (FY) 2024 Operating Budget and the FY 2024 Capital Improvement Plan adopted and approved by the City Commission on September 20, 2023, pursuant to Resolutions R-2023-300 and R-2023-301 respectively.
Fiscal Impact:
Exhibits 1-10 include budgetary amendments within various funds totaling $77,447,261. The amendments consist of:
Exhibit 1, within the General Fund:
• Carries forward $44,478 for the Department of Design & Construction management to complete facility improvements that began in Fiscal Year 2023.
• Transfers $20,555 from the Department of Fire-Rescue & Beach Safety to the Department of Public Works to manage the maintenance contract for Fire Station 41.
Exhibit 2, within the Special Revenue Fund:
• Recognizes $1,456,040 in grant proceeds awarded to the Department of Parks, Recreation & Cultural Arts from the following programs:
o $25,000 from the Florida Division of Arts & Culture for the ArtsPark Concert Series.
o $500,000 from the State Division of Historical Resources for the restoration of the historic Dowdy Armory facility.
o $931,040 from the Children Services Council for after school programming.
• Recognizes $532,305 in grant proceeds awarded to the Community Development Division from the Department of Justice to fund the community court program.
Exhibit 3, within the Police Grants Fund, recognizes $91,448 awarded to the Police Department from the State Attorney General’s Victims of Crime Act program for a Victim Advocate position.
Exhibit 4, within the Building Fund:
• Transfers $150,000 from Building contingency to hire a temporary Project Manager for the implementation of the Accela software.
• Recognizes $400,000 in Building fund balance and allocates the funds for the purchase of 10 pickup trucks with high water lift kits.
Exhibit 5, within the General Obligation Bond Fund, transfers $500,000 of grant match into an appropriate account for the restoration of the historic Dowdy Armory.
Exhibit 6, within the Second Tranche General Obligation Bond Fund, recognizes $72,163,655 of the second tranche and allocates the funds to the voter-approved Police Headquarters and Tidal Flooding projects.
Exhibit 7, within the Water and Sewer Fund, transfers $1,500,000 from contingency for the purchase of 21 vehicles (such as a utility bed track, service truck, and sports utility vehicles) for the Department of Public Utilities.
Exhibit 8, within the Parking Enterprise Fund:
• Recognizes $2,550 in auction proceeds received in Fiscal Year 2023 and allocates the proceeds for the future purchase of vehicles for the Parking Division.
• Corrects a budget error by transferring $32,624 from the Central Services Fund to the Parking Fund for the purchase of vehicles for the Parking Division.
Exhibit 9, within the Central Services Fund:
• Recognizes $15,982 in auction proceeds received in Fiscal Year 2023 and allocates the proceeds for the future purchase of vehicles for the Police Department.
• Corrects a budget error by transferring $32,624 from the Central Services Fund to the Parking Fund for the purchase of vehicles for the Parking Division.
Exhibit 10, within the Insurance Fund:
• Recognizes Cigna funds in the amount of $475,000 and allocates it for wellness initiatives, discretionary funds for future program administration expenses, technology, and COBRA administration.
• Transfers funds in the amount of $30,000 in a discretionary account to cover the last quarter of the agreement for the Employee Assistance Program prior to the new contract taking place beginning January of 2024.
Recommended for inclusion on the agenda by:
Laurette Jean, Director of Budget & Performance Management
Adam Reichbach, Assistant City Manager for Finance and Administration