Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Stormwater Utility Fund (Fund 43) For The Fiscal Year 2015 Adopted Budget (R-2014-282), Revising Operating Revenues, Authorizing Budgetary Transfers, And Providing An Effective Date.
Body
Staff Recommends: Approval of the Attached Resolution.
Explanation:
Certain routine and periodic budgetary adjustments and transfers continue to be appropriate and necessary during the Fiscal Year.
The proposed amendments recognize and appropriate additional revenues and expenditures for the Stormwater Utility Fund.
Additional fund balance recognized as of September 30, 2014 results in a total Net Position of $9,345,481.00.
This resolution also authorizes the rollover of additional balances related to Capital Projects that have been previously approved by the City Commission. These rollovers and adjustments are a result of completion of the FY 2014 audited financial statements.
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