Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Fiscal Year 2026 Adopted Budget, Authorizing Year-End Budgetary Transfers And Adjustments For Fiscal Year 2026.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the Resolution.
Explanation:
This Resolution authorizes Fiscal Year (FY) 2026 year-end budgetary transfers and adjustments within the various Department and Office operating budgets.
As detailed in the attached exhibits to the Resolution, certain identified accounts may have exceeded budget appropriations during operations of the Office or Department during FY 2026. As a result, budget transfers and adjustments are necessary to offset and balance the identified budget variances.
Florida State Statutes provide the legal authority to make these necessary budgetary transfers and adjustments within a sixty (60) day period following the close of the fiscal year.
Fiscal Impact:
The budgetary transfers and adjustments detailed in the attached exhibits will not negatively impact the financial standing of the City at fiscal year-end 2026 as these are re-appropriations of unspent balances within each respective fund and department.
Recommended for inclusion on the agenda by:
Duncan Brown, Jr., Office of Budget & Strategy
Adam Reichbach, Deputy City Manager