Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Making Appropriations For Fiscal Year 2027 Based On The Operating And Capital Budget Estimate Of Revenues And Expenditures For Each Of The City’s Operating Funds As Submitted By The City Manager.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
The Fiscal Year 2027 Operating Budget estimate of ad valorem tax revenues and other sources of revenues and the requirement for expenditures and other uses of all City operating funds by Departments, Divisions, and Offices is prepared and submitted to the City Commission by the City Manager as required by Section 6.04, subsection (6) of the City Charter.
The Citywide Operating Budget, which totals $1,040,147,524 net of interfund transfers for all operating funds for Fiscal Year 2027, is balanced. Included in this Citywide figure is the General Fund Operating Budget of $436,148,423. The proposed budget includes the operating millage rate of 7.4293 mills, a voted debt service millage for the Series 2005 bonds of 0.1338 mills, voted debt service millage for the Series 2019 bonds of 0.1432 mills and voted debt service millage for the Series 2022 General Obligation Bonds of 0.2305 mills for a total maximum rate of 7.9368 mills (which is a decrease of 0.0238 mills compared to the combined rate in FY 2026).
This budget includes fund balances and net assets in the various funds, as detailed in the attached exhibits, to comply with the operational audit of the State Auditor General.
Funding has been reallocated between expenditure categories, but no changes were made to the total Citywide Operating Budget following the first public hearing held on September 14, 2026.
Fiscal Impact:
Sufficient revenues have been projected to support the operating expenditures in Fiscal Year 2027. Revenues and Expenditures will be tracked monthly, and adjustments may need to b...
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