Title
A Resolution Of The Hollywood, Florida Community Redevelopment Agency (“CRA”), Amending The Annual Budget For The Beach District Of The CRA For Fiscal Year 2025; Revising Fiscal Year 2025 Expenditures.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
Certain routine and periodic budgetary adjustments and transfers are appropriate and necessary during the fiscal year and as such certain revisions to the Fiscal Year 2024 Adopted Budget are needed to ensure prudent financial management.
The Beach District of the CRA will sunset on June 25, 2027 and the CRA Board seeks to ensure an orderly transition of the functions and enhanced services provided in the CRA districts to the City.
The City and CRA staff have developed a staffing plan to provide for continued levels of enhanced services and beach maintenance as well as the timely and successful completion of remaining CRA capital improvement projects
The proposed Resolution amends the operating budget to transfer funding from various personnel services accounts for the remainder of FY 25 to facilitate the transition of existing positions to the City.
Fiscal Impact:
Funds are from various personnel services accounts for the remainder of FY 25 to facilitate the transition of existing positions to the City as outlined in Exhibit B.
Recommended for inclusion on the agenda by:
Jorge Camejo, Executive Director