File #: 24R-5827    Version: 1 Name: CC-LFC Tentative Budget
Type: Resolution Status: Passed
File created: 9/3/2024 In control: City Commission Meeting
On agenda: 9/12/2024 Final action: 9/12/2024
Title: RESOLUTION NO. 24R-09-195: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE TENTATIVE BUDGET FOR THE LAUDERHILL FINANCE CORPORATION (LFC) FOR FISCAL YEAR 2025 IN THE AMOUNT OF $1,104,375.00, WHICH SHALL BE INCORPORATED INTO THE CITY OF LAUDERHILL BUDGET FOR FISCAL YEAR 2025; PROVIDING NOTICE FOR PUBLIC HEARING; PROVIDING FOR AN EFFECTIVE DATE.
Attachments: 1. CC-LFC Tentative Budget Approval FY 2025-RES-24R-09-195.pdf, 2. AR 24R-09-195, 3. LFC Budget.pdf

Title

RESOLUTION NO. 24R-09-195: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE TENTATIVE BUDGET FOR THE LAUDERHILL FINANCE CORPORATION (LFC) FOR FISCAL YEAR 2025 IN THE AMOUNT OF $1,104,375.00, WHICH SHALL BE INCORPORATED INTO THE CITY OF LAUDERHILL BUDGET FOR FISCAL YEAR 2025; PROVIDING NOTICE FOR PUBLIC HEARING; PROVIDING FOR AN EFFECTIVE DATE.

 

Body

Request Action:

Pass a Resolution to adopt the tentative budget of the Lauderhill Finance Corporation (LFC) in the amount of $1,104,375.00 for Fiscal Year 2025.

 

Need:

Pass a Resolution to adopt the tentative budget for the Lauderhill Finance Corporation (LFC)

 

Summary Explanation/ Background:

The Bylaws for the Lauderhill Finance Corporation (LFC) now calls for it to approve its annual budget at its annual meeting in September.  So prior to the September 26, 2024 City Commission meeting at 6:00 p.m. where the city budgets will be approved in final, the LFC will hold a public meeting to approve its budget at 5:25 p.m. approving its final budget on September 26, 2024.

 

Attachments:

LFC Budget

 

Cost Summary/ Fiscal Impact:

1,104,375.00

 

Estimated Time for Presentation: