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 $22,479,176. The amendments consist of:
Exhibit 1, within the General Fund:
* Recognizes $1,571,449 in funding from the Downtown and Beach Community Redevelopment Agency (CRA) to fund the cost of 15 full-time positions that are being transferred from the CRA. The transfer of these positions is outlined in an attached Memorandum of Understanding between the City and the CRA. A companion resolution (Position Control Amendment) will increase the City's official position count for FY 2025.
* Recognizes $6,550,000 of surplus fund balance available at the end of FY 2024 and allocates that funding for the Hollywood Beach Golf Course Clubhouse Project and costs of a grant-match for Sunset Park.
Exhibit 2, within the Special Revenue Fund:
* Recognizes $40,000 in grant proceeds from the FDLE Drone replacement grant for the purchase of drones within the Fire Department
* Recognizes $977,592 in grant proceeds from the FY 2024-25 MOST Grant for afterschool programming.
* Recognizes and allocates $137,000 in grant proceeds from the FY 2025 FIND Waterway Assistance grant for the Marina Fu...
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