Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Fiscal Year 2022 Operating Budgets Of Various Funds As Adopted And Approved By Resolution R-2021-244; Amending The Fiscal Year 2022 Capital Improvement Plan As Adopted And Approved By Resolution R-2021-245.
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) 2022 Operating Budget and the FY 2022 Capital Improvement Plan adopted and approved by the City Commission on September 23, 2021, pursuant to Resolutions R-2021-244 and R-2021-245 respectively.
Fiscal Impact:
Exhibits 1-8 include budgetary amendments within the General Fund, Law Enforcement Forfeiture Fund, American Rescue Plan Act Fund, Park Impact Fee Fund, General Capital Outlay Fund, Major Equipment Replacement Fund, Water and Sewer Fund and Internal Service Fund totaling $27,043,825. The amendments consist of:
Exhibit 1 within the General Fund:
* Transfers $700,000 of available salary savings stemming from vacancies in the Police Department. The funds are transferred from the General Fund to the Major Equipment Replacement Fund for outfitting police vehicles.
* Transfers $2,000 from contingency to the General Capital Outlay Fund and allocates additional funding to the wayfinding project.
Exhibit 2 recognizes $22,425 of law enforcement forfeiture auction proceeds and allocates the proceeds for investigative expenses.
Exhibit 3 within the American Rescue Plan Act Fund:
* Reallocates available funds in the amount of $260,000 to increase awareness of City resources through civic engagement and communication initiatives; consultant services to upgrade the City's broadcast equipment; and the remaining funds to conduct a security study of City facilities.
* Recognizes the second allocation of the Coronavirus State and Local Fiscal Recovery Funds, through the ...
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