Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Central Services Fund (Fund 57) For The Fiscal Year 2015 Adopted Budget (R-2014-282), Revising Operating Revenues, Authorizing Budgetary Adjustments, And Providing An Effective Date.
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
This Resolution seeks the approval and authorization of certain budgetary adjustments and transfers to identified line item accounts in the previously approved FY 2015 budget for the Central Services Fund, Fund 57 (R-2014-282).
This Resolution recognizes total audited Net Position at September 30, 2014. Additionally, a transfer from the General Fund is being recognized to cover negative Net Position from FY 14 caused by vehicle purchases prior to debt issuance. This item authorizes the rollover of existing balances in various accounts related to large scale capital purchases in IT and Fleet. Projected Net Position for the Central Services Fund as of September 30, 2015 will be $123,411.00.
Recommended for inclusion on the agenda by:
Wazir Ishmael, Ph.D., City Manager
George R. Keller, Jr., Assistant City Manager for Finance and Administration
Matthew Lalla, Director, Financial Services