Title
MOTION TO PASS PROPOSED ORDINANCE NO. 2018-26 ON SECOND AND FINAL READING.
PROPOSED ORDINANCE NO. 2018-26 IS AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF PEMBROKE PINES, FLORIDA, AMENDING ORDINANCE NO. 1884; PROVIDING FOR AN AMENDED BUDGET FOR FISCAL YEAR 2017-2018 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 if the total appropriations of the funds have changed, unless the municipality's charter directs otherwise.
2. We are therefore submitting for the review and approval, a number of budget adjustments that revised the FY2017-18 budget adopted by Ordinance 1884 on September 19, 2017.
3. The intent of the amendment is to formalize the changes that have been made during the year, which are typically comprised of amendments previously authorized by Commission.
Major Changes include:
1. General Fund - $7.4 million; mainly $5.5 million for carryovers from the previous year and $1.7 million for the purchase of radios for the Police Department.
2. Utility Fund - $7.3 million; mainly for $7.1 million of carryovers from the previous year.
3. HUD Grants CDBG / HOME - $2.1 million mainly for carryovers from the previous year.
4. Municipal Construction Fund - $1.6 million mainly for carryover of funds from the prior year.
5. Road & Bridge Fund - $1.6 million for carryovers from the previous year.
6. State Housing Initiative Program - $1.6 million; mainly $1.2 million for carryovers from the previous year and $0.2 million for the 2018-19 award.
4. The amended budget is shown in Exhibit "A" of proposed Ordinance 2018-26. The explanations for the proposed Budget Adjustments are provided in the Details of Changes attached.
5. We recommend passing Proposed Ordinance 2018-26 on second reading to revise the budget for the fiscal year ending September 30, 2018.
Financial Impact
FINANCIAL IMPACT DETAIL:
a) Initial Cost: Not Applicable
b) Amount budgeted for this item in Account No: Not Applicable
c) Source of funding for difference, if not fully budgeted: Not Applicable
d) 5 year projection of the operational cost of the project: Not Applicable
e) Detail of additional staff requirements: Not Applicable