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 - 9 include budgetary and capital amendments within various funds totaling $2,952,890.50. The amendments consist of:
Exhibit 1, within the General Fund recognizes $640,000 in surplus fund balance and allocates:
* $470,000 for the Data Center and the new Police Headquarters
* $170,000 for the expansion of the time clock program.
Exhibit 2, within the Special Revenue Fund:
* Recognizes vehicle impound fees of $1,500 and allocates funding for investigative expenses.
Exhibit 3, within the Police Grants Fund:
* Accepts the Florida Inland Navigation District ("FIND") Derelict Vessel Grant and allocates $15,562.50 in grant proceeds and allocates funding for a Small-Scale Derelict Vessel Removal Project.
Exhibit 4, within the CDBG & HOME Fund:
* Recognizes $220,300 in CDBG program income and interest earned in FY 2025 and allocates it to eligible program expenditures.
* Recognizes $1,500,000 in HOME program income and interest earned in FY 2025 and allocates it to eligible program expenditures.
Exhibit 5, within the Opioid Settlement Fund:
* Recognizes $40,000 in proceeds from the Opioid Settlement Fund received in FY 2024 and allocates it with th...
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