Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Amending The Fiscal Year 2021 Operating Budgets Of Various Funds As Adopted And Approved By Resolution R-2020-232; Amending the Fiscal Year 2021 Capital Improvement Plan.
Strategic Plan Focus
Financial Management & Administration
Body
Staff Recommends: Approval of the Resolution.
Explanation:
This Resolution seeks authorization to amend the Fiscal Year (FY) 2021 Operating Budget adopted and approved by the City Commission pursuant to Resolution R-2020-232 on September 24, 2020.
Fiscal Impact:
Exhibit 1 includes $210,550.00 of budgetary amendments within the General Fund. The amendments consist of:
* Allocation of $130,000.00 to the continuation of the CBRE Contract
* Funding of $25,000.00 to continue the Firefighter Inspection Program and $55,550.00 for a software purchase in the Fire Department
Exhibits 2 - 5 includes amendments within the GOB Capital Projects Fund, Water & Sewer Fund, Parking Enterprise Fund and the Central Services Fund. The amendments consist primarily of:
* Rollover of $16,071,540.00 of funds available at the end of FY 2020 for previously approved GOB projects
* Recognition and allocation of $100,000.00 in interest earnings in the GOB Capital Projects Fund for costs related to the acquisition of the former Sunset Golf Course
* Reallocate $1,625,000.00 from Commingled Yard and Bulk Waste to Biosolids in the Water & Sewer Fund.
* Rollover of $170,000.00 of funds available at the end of FY 2020 for previously approved Parking Enterprise Fund projects.
* Rollover of $153,350.00 of funds available at the end of FY 2020 for previously approved IT Computer Hardware and Equipment purchases.
* Amend the Capital Improvement Program by $5,395,000.00 to include planned vehicle and equipment purchases as part of the City's replacement program.
* Reallocate $440,780.00 from vehicle and computer equipment purchase accounts in Public Works and Information Technol...
Click here for full text