File #: 23R-5122    Version: 1 Name: SIX MONTH BUDGET ADJUSTMENT
Type: Ordinance Status: Passed
File created: 5/23/2023 In control: City Commission Meeting
On agenda: 6/26/2023 Final action:
Title: ORDINANCE NO. 23O-06-111: AN ORDINANCE APPROVING THE SIX MONTH BUDGET REVIEW OF REVENUE AND EXPENDITURE AMENDMENTS FOR FISCAL YEAR 2023 IN THE TOTAL ADJUSTMENT AMOUNT OF $8,326,727.00; APPROVING A SUPPLEMENTAL APPROPRIATION IN THE AMOUNT OF $4,310,852.00; AN INTERDEPARTMENTAL BUDGET ADJUSTMENT IN THE AMOUNT OF $3,337,709.00; LPAC SALARIES IN THE AMOUNT OF $126,966.00; AND A CAPITAL BUDGET ADJUSTMENT IN THE AMOUNT OF $551,200.00; REFLECTING APPROPRIATE ADJUSTMENTS TO VARIOUS REVENUE AND EXPENDITURE ACCOUNTS AS SPECIFICALLY INDICATED IN THE BREAKDOWN; PROVIDING VARIOUS BUDGET CODE NUMBERS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, DESORAE GILES-SMITH).
Attachments: 1. ORD-23O-06-111-Budget 6-Months Adjustment & Appropriation FY 2023.pdf, 2. AR 23O-06-111, 3. Supplemental Budget-6 month Final FY 2023 (1).pdf

Title

ORDINANCE NO. 23O-06-111: AN ORDINANCE APPROVING THE SIX MONTH BUDGET REVIEW OF REVENUE AND EXPENDITURE AMENDMENTS FOR FISCAL YEAR 2023 IN THE TOTAL ADJUSTMENT AMOUNT OF $8,326,727.00; APPROVING A SUPPLEMENTAL APPROPRIATION IN THE AMOUNT OF $4,310,852.00; AN INTERDEPARTMENTAL BUDGET ADJUSTMENT IN THE AMOUNT OF $3,337,709.00; LPAC SALARIES IN THE AMOUNT OF $126,966.00; AND A CAPITAL BUDGET ADJUSTMENT IN THE AMOUNT OF $551,200.00; REFLECTING APPROPRIATE ADJUSTMENTS TO VARIOUS REVENUE AND EXPENDITURE ACCOUNTS AS SPECIFICALLY INDICATED IN THE BREAKDOWN; PROVIDING VARIOUS BUDGET CODE NUMBERS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, DESORAE GILES-SMITH).

 

Body

Request Action:

Six Month Budget Adjustment.

 

Need:

Six Month Budget Adjustment.

 

Summary Explanation/ Background:

This Ordinance approves the six-month budget adjustment for Fiscal Year 2023 in the total amount of $8,326,727.00.  This includes Supplemental Appropriation in the amount of $4,310,852.00, an Interdepartmental Budget Adjustment in the amount of $3,337,709.00, an adjustment to LPAC Salariesin the amount of $126,966.00, and a Capital Budget Adjustment in the amount of $551,200.00. 

 

Attachments:

Six-Month Budget Adjustment Detail

 

Cost Summary/ Fiscal Impact:

Total budget adjustment in the amount of $8,326,727.00.

 

Estimated Time for Presentation:

 

Master Plan:

 

Goal 1: Clean, Green Sustainable Environment

[  ] Increase mass transit ridership  [  ] Reduce City energy consumption

[  ] Reduce water consumption

 

Goal 2: Safe and Secure City of Lauderhill

[  ] Crime in lower 50% in Broward  [  ] Residents feel safe in neighborhood

[  ] Reduce emergency fatalities

 

Goal 3: Open Spaces and Active Lifestyle for all ages

[  ] Increase participation in youth sports  [  ] Add new park land and amenities

[  ] Increase attendance at cultural programs and classes

 

Goal 4: Growing Local Economy, Employment and Quality of Commercial Areas

[  ] Increase commercial tax base  [  ] Increase employment in Lauderhill businesses

[  ] Decrease noxious and blighted uses in commercial areas

 

Goal 5: Quality Housing at all Price Ranges and Attractive Communities

[  ] Neighborhood signs and active HOAs  [  ] Housing & streets improved, litter reduced

[  ] Increase proportion of single family homes and owner occupied housing

 

Goal 6: Efficient and Effective City Government, Customer Focused & Values Diversity

[  ] Improves City efficiency  [  ] Increase use of Information Technology

[  ] Increases residents perception of Lauderhill as an excellent place to live