Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Budget Of The Local Housing Assistance Trust Fund (64) Of The Fiscal Year 2016 Adopted Budget (R-2015-294); Revising And Recognizing Certain Operating Revenues, Authorizing Certain Budgetary Reappropriations And Reallocations As Detailed In The Attached Exhibit 1; And Providing An Effective Date.
Body
Staff Recommends: Approval of the Resolution
Explanation:
This Resolution seeks to authorize the amending the budget of the Local Housing Assistance Trust Fund (64) of the FY 2016 Operating Budget.
The proposed budget amendments continue and re-appropriate funding authorized and approved in the FY 2015 Operating Budget remaining at the end of Fiscal Year 2015 into the same line item accounts of the Local Housing Assistance Trust Fund (64) for the FY 2016 Operating Budget. Additionally, this Resolution authorizes the Department of Financial Services to perform and complete all budgetary transfers and adjustments as needed for the Fiscal Year 2015 Fund 64 budget. These budget adjustments make continuing funding available for programs related to Florida’s SHIP program which makes funds available for local housing programs in the City.
Recommended for inclusion on the agenda by:
Dr. Wazir Ishmael, City Manager
George R. Keller, Jr., Assistant City Manager for Finance and Administration
Matthew Lalla, Financial Services Director