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 - 7 include budgetary and capital amendments within various funds of $5,612,660. The amendments consist of:
Exhibit 1, reverses a $2,300,000 transfer from surplus fund balance within the General Fund as follows:
* Reverses an allocation of $3,000,000 from the surplus fund balance previously moved for expenses associated with the Hollywood Beach Golf Course that will now be covered by the CRA. The remaining $2,000,000 of the original $5,000,000 moved from the surplus for this project will be reimbursed by the CRA over the course of FY25, FY26, and FY27.
* Allows for the allocation of $700,000 for costs associated with the Gateway Signing project.
Exhibit 2, within the Special Revenue Fund:
* Recognizes $19,558 in proceeds from the Florida Department of Health EMS Matching Grant and allocates it for the purchase of 5 manikins and implementation of the enhanced cardiac arrest and resuscitation training.
* Recognizes and appropriates $528,300 in proceeds from the Hazard Mitigation Grant Program for wind protection at City Hall.
* Recognizes $22,000 in donations received by the City for ongoing Centennial celebrations.
Exhibit 3, within the Police...
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