Title
RESOLUTION NO. 25R-09-186: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL, FLORIDA, APPROVING THE TENTATIVE BUDGET FOR THE LAUDERHILL FINANCE CORPORATION (LFC) FOR FISCAL YEAR 2026 IN THE AMOUNT OF $1,104,375.00, WHICH SHALL BE INCORPORATED INTO THE CITY OF LAUDERHILL BUDGET FOR FISCAL YEAR 2026; PROVIDING NOTICE FOR PUBLIC HEARING; AND 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 2026.
Need Summary Explanation/ Background:
Pass a Resolution to adopt the tentative budget for the Lauderhill Finance Corporation (LFC)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 29, 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 29, 2025.
Cost Summary/ Fiscal Impact:
Total Budget $1,104,375.00
Attachments:
1. Tentative Budget
2. Bylaws LFC
Budget Code Number(s): __________________________________
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