Title
RESOLUTION NO. 25R-09-176: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL, FLORIDA, ADOPTING THE OPERATING BUDGET, REVENUES AND EXPENDITURES, AND THE CAPITAL BUDGET FOR FISCAL YEAR 2026; PROVIDING FOR CONFLICTS; PROVIDING FOR SCRIVENERS ERRORS; SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.
Body
Request Action:
Florida State Statue Section 166.241(2) states that “…the budget must regulate expenditures of the municipality, and it is unlawful for any officer of a municipal government to expend or contract for expenditures in any fiscal year except in pursuance of budgeted appropriations.” The approval of this Resolution will result in an amendment to FY 2026 Budget to reflect additional revenues received and expenditures made to ensure compliance with statutory requirements.
Need Summary Explanation/ Background:
As part of Finances year-end closing procedures, staff performs a review of all budgeted revenues and expenditures to sure-up budget estimates as required by State Statue. As a result, staff is requesting a supplemental appropriation of additional revenue and expenditures in the amount off $194,366,375.00 The recommended adjustments account for additional revenues all ready received.
Cost Summary/ Fiscal Impact:
The proposed supplemental appropriation will result in Fiscal Year 2026’s cumulative Budget increasing by $194,366,375.00 in both budgeted revenues and expenditures.
Attachments:
Budget Reconcilation
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