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File #: R-CRA-2024-47    Version: 1 Name: DCRA FY24 Year End Transfers
Type: CRA Resolution Status: Agenda Ready
File created: 10/7/2024 In control: Regular Community Redevelopment Agency Meeting
On agenda: 11/6/2024 Final action:
Title: A Resolution Of The Hollywood, Florida Community Redevelopment Agency ("CRA"), Authorizing Year End Budgetary Transfers And Adjustments For The Downtown District Of The CRA For Fiscal Year 2024.
Attachments: 1. Reso - DCRA FY24 YearEnd.pdf, 2. DCRA Exhibit A.pdf
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Title

A Resolution Of The Hollywood, Florida Community Redevelopment Agency (“CRA”), Authorizing Year End Budgetary Transfers And Adjustments For The Downtown District Of The CRA For Fiscal Year 2024.

 

Strategic Plan Focus

Financial Management & Administration

 

 

Body

 

Staff Recommends: Approval of the attached Resolution.

 

 

Explanation:

Budgetary transfers and adjustments are necessary and needed to resolve budget variances among various personal services and operating accounts.  This resolution sets forth the Fiscal Year 2024 Year End budgetary transfers for the Downtown district of the Hollywood CRA, as may be needed.

 

As detailed in the attached Exhibit to the Resolution, certain identified accounts may have exceeded budget appropriations in the course of operations during FY 2024.  As a result, budget transfers are necessary to offset and balance the identified budget variances. 

 

Florida State Statutes provide the legal authority to make these necessary budgetary transfers within a sixty (60) day period following the close of the fiscal year.

 

 

Fiscal Impact:

Sufficient budgetary resources are available from other accounts in the FY 2024 Operating Budget of the Downtown district for the proposed budget transfers.

 

 

Recommended for inclusion on the agenda by:

Jorge Camejo, Executive Director