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File #: R-2015-284    Version: 1 Name: FY 2015 Budget Amendment - Fund 34, 45, 57
Type: Resolution Status: Passed
File created: 9/2/2015 In control: Department of Financial Services
On agenda: 9/16/2015 Final action: 9/16/2015
Title: A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Fiscal Year 2015 Adopted Operating Budget (R-2014-282), As Previously Amended, Revising Operating Revenues; Authorizing Budgetary Adjustments, Expenditures, And Transfers As Detailed in Exhibit 1; Authorizing The Department Of Financial Services To Establish And Fund Certain Line Item Accounts, As Needed; And Providing An Effective Date.
Attachments: 1. reso_transfer funding.pdf, 2. Exhibit 1.pdf, 3. BIS 15-274.pdf

Title

A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Fiscal Year 2015 Adopted Operating Budget (R-2014-282), As Previously Amended, Revising Operating Revenues; Authorizing Budgetary Adjustments, Expenditures, And Transfers As Detailed in Exhibit 1; Authorizing The Department Of Financial Services To Establish And Fund Certain Line Item Accounts, As Needed; And Providing An Effective Date.

 

Body

 

Staff Recommends: Approval of the Resolution

 

Explanation:

This Resolution seeks to amend the FY 2015 Operating Budget previously adopted and approved by the City Commission on September 29, 2014 via Resolution R-2014-282. The amendments will impact the following funds within the FY 2015 Operating Budget - the Sanitation Enterprise Fund, Fund 45; the General Capital Outlay Fund, Fund 34; and the Central Services Fund, Fund 57. The City has received a settlement in the amount of $2,719,299 as a result of the Resource Recovery Board, “RRB”, litigation which is to be to be recognized as new revenues for FY 2015. The Public Works Department has recommended certain appropriations be made to support the use or expenditure of these funds for Sanitation Enterprise Fund related projects and purposes. Among the proposed uses of these funds are the creation of a Backyard Compost Program, the hiring of additional sanitation/maintenance/recycling staff, and additional street sweeping services. Additionally, funding from the Sanitation Enterprise Fund will be transferred to the General Capital Outlay Fund in support of new capital projects including:

 

                     the relocation of the Beach Maintenance facilities compound,

                     the institution of an alleyways maintenance and repair program as a follow-up to the alleyway survey completed by the Public Works Department,

                     remediation work to be performed at the South Park Road site of the former ash landfill site,

                     improvements to the City’s Central Fueling Facility to upgrade the existing compressed natural gas (CNG) fueling and dispensing capabilities, and

                     and the institution of a waterways clean-up program.

 

Moreover, funding is also proposed to be transferred from the Sanitation Enterprise Fund to the Central Services Fund for the procurement of a vehicle for the new Sanitation Code Enforcement Officer as well as replacement heavy equipment, i.e. a dump truck, a combo crane, and a bucket truck, to be used in maintenance/clean-up operations of the Public Works Department.

 

In addition to the RRB settlement funds, an additional $800,000 from available Net Assets in the Sanitation Enterprise Fund will be transferred to the General Capital Outlay Fund as additional funding support for the alleyway maintenance and repair project.

 

The attachment to the Resolution identified as “Exhibit 1” further details the allocations and appropriations of funding from the Sanitation Enterprise Fund to the various projects and funds as well as the intended uses for the appropriated funds.

 

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, Financial Services Director