Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Self Insurance Fund (Fund 58) For The Fiscal Year 2015 Adopted Budget (R-2014-282) As Amended, 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 amendment adjusts the revenues and expenditures for the Self Insurance Fund and recognizes revenues for contributions for the various insurances and allocates funding to the respective insurance expenditure lines.
The proposed amendment recognizes an addition in the audited fund position for the Self Insurance Fund taking the total to $8,617,476.00.
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