Title
RESOLUTION NO. LFC-25R-09-29: CITY OF LAUDERHILL FINANCE CORPORATION: A RESOLUTION OF THE LAUDERHILL FINANCE CORPORATION BOARD OF DIRECTORS APPROVING THE TENTATIVE BUDGET FOR FISCAL YEAR 2025-26 IN THE AMOUNT OF $1,104,375.00, WHICH SHALL BE INCORPORATED INTO THE CITY OF LAUDERHILL BUDGET FOR FISCAL YEAR 2025-26; 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 2025-26.
Need Summary Explanation/ Background:
Pass a Resolution to adopt the tentative budget for the Lauderhill Finance Corporation (LFC)
Cost Summary/ Fiscal Impact:
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 12, 2025 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 12, 2025.
Attachments:
LFC Budget
Budget Code Number(s): __001-312-04640________________________________
Procurement Information: [check all that apply]
[ ] RFP/Bid [ ] Emergency Purchase [ ] SBE
[ ] Proposal/Quote [ ] State Grant Funds [ ] Local Preference
[ ] Piggyback Contract [ ] Federal Grant Funds
[ ] Sole Source [ ] Matching Required