Title
MOTION TO PASS PROPOSED ORDINANCE NO. 2024-24 ON SECOND AND FINAL READING.
PROPOSED ORDINANCE NO. 2024-24 IS AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF PEMBROKE PINES, FLORIDA, AMENDING ORDINANCE NO. 2007; PROVIDING FOR AN AMENDED BUDGET FOR FISCAL YEAR 2023-2024 FOR THE CITY; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
Summary Explanation and Background
SUMMARY EXPLANATION AND BACKGROUND:
1. Section 166.241, F.S. requires municipalities to do a budget amendment within 60 days after the end of the fiscal year if the total appropriations of the funds have changed, unless the municipality's charter directs otherwise.
2. We are therefore, submitting for review and approval, a number of budget adjustments that revised the 2023-2024 budget adopted by Ordinance 2007 on September 20, 2023.
3. The intent of the amendment is to formalize the changes that have been made during the fiscal year. These typically consist of encumbered and unspent appropriations from the prior year, as authorized by Section 5.07 of the City’s Charter, as well as amendments previously approved by Commission.
Major Changes include:
a. General Fund - $27.3 million; mainly $27.0 million for carryovers from the previous year.
b. Road & Bridge Fund - $7.6 million; $6.6 million related to carryovers from the previous year and $995K for traffic signal installation.
c. Florida Housing Finance Corporation (FHFC) Grants [State Housing Initiative Partnership (SHIP)/ Coronavirus Relief Fund (CRF)] - $3.8 million; $2.4 million of carryovers from the previous year, $1.3 million in Local Housing Assistance Program and the remainder in SHIP Recaptured Income/Interest.
d. Housing and Urban Development (HUD) Grants [Community Development Block Grant (CDBG)/HOME Investment Partnerships Program (HOME)] - $4.0 million; mainly $4.1 million for carryovers from the previous year and the balance for other adjustments including CDBG/NS...
Click here for full text