TO: Mayor and Commissioners
FROM: Hugh Dunkley, Chief Financial Officer
THROUGH: Terrence R. Moore, ICMA-CM
DATE: November 7, 2023
Title
RESOLUTION NO. 222-23 AMENDING THE FISCAL YEAR 2023-24 BUDGET ADOPTED BY RESOLUTION NO.145-23 ON SEPTEMBER 18, 2023.
Body
Recommended Action:
Recommendation
Motion to Approve Resolution No. 222-23 amending the budget for Fiscal Year 2023-24 adopted on September 18, 2023.
Body
Background:
The purpose of this request is to amend the adopted Fiscal Year (FY) 2023-24 budget to account for items that were not anticipated, or measurable at the time of original budget adoption. Per Florida Statute (F.S.) 166.241, the City’s Adopted Budget may be revised with a Budget Amendment approved by the City Commission. Provided below is a summary of the budget changes staff is recommending. The attached Resolution and Exhibit A provide details of the proposed changes.
General Construction Fund (334) $795,167
Parks and Recreation Department
Request to amend the General Construction Fund Budget. Pompey Park received $935,000 in reimbursable grant funds for various improvements to the facilities. Parks and Recreation is requesting to roll over the remaining FY 2022-23 balance of $795,167 to FY 2023-24 for the completion of several required projects for the facilities including but not limited to Pompey Park Pool resurfacing and lighting warning system installation.
The funding amount requested is $795,167
Funding Source: Grants/Donations Capital Contributions
City Attorney Review:
Approved as to form and legal sufficiency.
Finance Department Re...
Click here for full text