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File #: R-2020-233    Version: 1 Name: FY 2021 Capital reso
Type: Resolution Status: Passed
File created: 9/16/2020 In control: Special City Commission Meeting
On agenda: 9/24/2020 Final action: 9/24/2020
Title: A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving The Five-Year FY 2021-2025 Capital Improvement Plan, And Appropriating The Portion Of The Capital Improvement Plan For The Fiscal Year Beginning October 1, 2020 And Ending September 30, 2021.
Attachments: 1. CIP Reso.pdf, 2. Exhibit A.pdf

Title

A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving The Five-Year FY 2021-2025 Capital Improvement Plan, And Appropriating The Portion Of The Capital Improvement Plan For The Fiscal Year Beginning October 1, 2020 And Ending September 30, 2021.

 

 

Strategic Plan Focus

Financial Management & Administration

 

 

Body

 

Staff Recommends: Approval of the Resolution.

 

Explanation:

Each year the City Commission approves a Five-Year Capital Improvement Plan identifying projects to be funded through a variety of sources. The Plan includes projects that address safety and health issues, legal commitments, contractual obligations, and community priorities.

 

This Capital Improvement Plan appropriates funds to the FY 2021 projects included in the five-year plan.  Projects in FY2022 - FY2025 will be updated on an annual basis and considered for funding in the respective year of the request. Funding will not be appropriated until the annual adoption of the CIP.

 

Fiscal Impact:

Sufficient revenues have been projected to support the proposed capital expenditures in Fiscal Year 2021.  Funding for the FY 2021 projects totals $47,729,580.

 

Recommended for inclusion on the agenda by:

Laurette Jean, Director, Office of Budget & Performance Management

Adam Reichbach, Assistant City Manager for Finance and Administration