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 and 4 include budgetary amendments transferring $35,000 from the General Fund contingencies to the General Capital Fund to cover the cost differential of the pothole machine based on an updated quote from the vendor.
Exhibit 2 recognizes grants awarded to the Police Department within the Police Grants Fund totaling $326,868 within the Police Grant Fund. The amendments primarily consist of:
• Recognition and allocation of the Florida Department of Transportation’s Speed and Aggressive Grant in the amount of $60,000. The proceeds will be used for overtime, speed measurement and radar equipment purchases.
• Recognition and allocation of the Enhanced Marine Law Enforcement Grant in the amount of $63,368. This budget amendment covers eligible overtime and training.
• The third budget amendment is a placeholder in anticipation of award from the Federal Railroad Administration in the amount of $120,000. If awarded, the Budget Office will execute the budget amendment to recognize the award and allocate it for eligible railroad enforcement expenses.
• Recognition and allocation of $73,500 grant award from the Florida Department of Health for the purchase of a portable mass spectrometer which will improve opioid drug surveillance.
• This final budget amendment is a placeholder in anticipation of award from the Florida Department of Law Enforcement for the Identity Theft and Fraud Grant in the amount of $10,000. If awarded, the Budget Office will execute the budget amendment to recognize the award and allocate the funds for overtime expenses to conduct skimmer sweeps for illicit card readers throughout the City.
Exhibit 3 include a budgetary amendment within the General Obligation Bond Fund transferring $50,000 of available funds from the Hollywood West Sports Park project to the Cathy & Bob Anderson Park project to address facility needs in dire need of improvement.
Exhibit 5 include budgetary amendments totaling $4,350,000 within the Water and Sewer Fund. The amendments primarily consist of:
• Transferring $350,000 from capital contingencies within the Water and Sewer Fund to cover the cost of professional engineering services for the design of sewer expansion.
• Transferring available balances totaling $4 million from the Hollywood Gardens project and capital contingencies for sewer expansion on Park Road to 35th Avenue and Wilson Street to Arthur Street.
Exhibit 6 transfers $13,080 within the Central Services Fund to combine similar project accounts into one account to simplify the vehicle purchase process.
Exhibit 7 recognizes revenue from Cigna in the amount of $43,060 within the Self Insurance Fund and allocates the revenue to hire a part-time position to assist with the management of the City’s benefits program.
Recommended for inclusion on the agenda by:
Laurette Jean, Director of Budget & Performance Management
Adam Reichbach, Assistant City Manager for Finance and Administration