Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving The Five-Year FY 2025 Through FY 2029 Capital Improvement Plan, And Appropriating The Portion Of The Capital Improvement Plan For The Fiscal Year Beginning October 1, 2024 And Ending September 30, 2025.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
Each year the City Commission approves a Five-Year Capital Improvement Plan identifying projects to be funded through a variety of sources. The Plan includes projects that address safety and health issues, legal commitments, contractual obligations, and community priorities.
This Capital Improvement Plan appropriates funds to the FY 2025 projects included in the five-year plan. Projects in FY2025 - FY2029 will be updated on an annual basis and considered for funding in the respective year of the request. Funding will not be appropriated until the annual adoption of the Capital Improvement Plan.
Fiscal Impact:
Sufficient revenues have been budgeted to support the proposed capital expenditures in Fiscal Year 2025. Funding for the FY 2025 projects totals $101,937,147.
Recommended for inclusion on the agenda by:
Jonathan Antista, Director, Office of Budget & Performance Management
Adam Reichbach, Assistant City Manager for Finance and Administration