Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The General Capital Projects Fund (Fund 34) For The Fiscal Year 2014 Adopted Budget (R-2013-275), Revising Operating Revenues, Authorizing Budgetary Transfers, And Providing An Effective Date.
Body
Staff Recommends: Approval of the Attached Resolution.
Explanation:
This Resolution seeks authorization to amend the Fiscal Year 2014 Operating Budget for the General Capital Projects Fund (Fund 34), approved via Resolution R-2013-275 on September 23, 2013 by the City Commission.
The proposed amendment recognizes and appropriates additional revenues and expenditures for the General Capital Projects Fund. This includes the following three transfers: from the General Fund for Street Resurfacing, from the Law Enforcement Forfeiture Trust Fund for the Closed Circuit TV project, and from the Sanitation Enterprise Fund for FY 15 Alley Resurfacing. Additionally, the amendment recognizes Fund Balance in the amount of $1,423,000 in the General Capital Outlay Fund 34. This fund balance will be reallocated to new and existing Capital Improvement Projects on a companion CIP Amendment Resolution.
Recommended for inclusion on the agenda by:
Cathy Swanson-Rivenbark, City Manager
Matthew Lalla, Director, Financial Services