Title
A Resolution Of The Hollywood, Florida Community Redevelopment Agency (“CRA”), Amending The Annual Budget For The Downtown District Of The CRA For Fiscal Year 2020; Revising Operating Revenues; Revising Expenditures.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
Certain routine and periodic budgetary adjustments and transfers are appropriate and necessary during the fiscal year and as such certain revisions to the Fiscal Year 2020 Adopted Budget are needed to ensure prudent financial management.
The proposed Resolution amends the operating budget to provide additional funding for capital improvement projects.
Fiscal Impact:
Funding relating to this budget amendment is available in the FY 2020 Operating Budget, as identified in Exhibits A and B.
Recommended for inclusion on the agenda by:
Jorge Camejo, Executive Director