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 attached 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 - 11 include budgetary and capital amendments within various funds totaling $18,768,306.00 (net of transfers). The amendments consist of:
Exhibit 1, within the General Fund:
* Recognizes $10,000.00 in revenue from the Florida City and County Management Association for the addition of an intern in the Office of the City Manager, and
* Recognizes $2,405,000.00 of available fund balance and transfers that funding to the General Capital Outlay Fund for a variety of capital needs.
Exhibit 2, within the Special Revenue Fund:
* Recognizes $875,000.00 in proceeds from the Broward Behavioral Health Coalition Inc. and allocates it for the funding of positions and supplies to support the Coordinated Opioid Recovery Expansion program.
Exhibit 3, within the Building Fund:
* Recognizes and allocates $675,000.00 of available fund balance and allocates it for operational needs, including salaries for newly added full-time positions.
Exhibit 4, within the American Rescue Plan Act Fund:
* Reallocates $139,472.00 in available funding from the 441 Linear Park project and allocates it for costs associated with the radio tower for the new Police headquarters.
Exhibit 5, within the Park Impact Fee Fund:
* Recognizes $750,000.00 of available Park Impact fees collected ...
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