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RESOLUTION NO. LFC-26R-09-32: A RESOLUTION OF THE LAUDERHILL FINANCE CORPORATION BOARD OF DIRECTORS APPROVING THE TENTATIVE BUDGET FOR THE LAUDERHILL FINANCE CORPORATION (LFC) FOR FISCAL YEAR 2027 IN THE AMOUNT OF $1,,101,875.00 WHICH SHALL BE INCORPORATED INTO THE CITY OF LAUDERHILL BUDGET FOR FISCAL YEAR 2027; 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 $1,101,875.00 for Fiscal Year 2027.
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 28, 2026. City Commission meeting at 7:00 p.m. where the city budgets will be approved in final, the LFC will hold a public meeting to approve its budget at 5:45 p.m. approving its final budget on September 28, 2026.
Attachments:
LFC Budget
Cost Summary/ Fiscal Impact:
$1,101,875.00
Attachments: