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 - 6 include budgetary and capital amendments within various funds totaling $7,098,285 (reflecting counting the transfer of $149,000 only once, not twice). The amendments consist of:
Exhibit 1, within the General Fund:
* Transfers $149,000 to the General Capital Outlay Funds for the HVAC system at the Driftwood Community Center
* Reallocates $270,000 to be paid to Tropic Hollywood/Van Jackson LLC related to the development agreement
Exhibit 2, within the Special Revenue Fund:
* Recognizes donations of $38,500 and allocates funding for expenses related to the Centennial celebrations
* Recognizes $4,120,301 from the Resilient Florida Program Grant for tidal flooding mitigation
* Recognizes $9,800 in EMS Grant proceeds and allocates funding for pediatric patient care
Exhibit 3, within the Building Fund:
* Allocates $721,342 in available fund balance for the continuation of the Accela software implementation
* Transfers $58,410 in available funding to fund additional staff for the Memorial Hospital Tower expansion
Exhibit 4, within the General Capital Outlay Fund recognizes a transfer from the General Fund and allocates $149,000 for the Driftwood H...
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