Title
ORDINANCE NO. 25O-04-112: AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL, FLORIDA, APPROVING THE SIX MONTH BUDGET REVIEW OF REVENUE AND EXPENDITURE AMENDMENTS FOR FISCAL YEAR 2025 IN THE TOTAL ADJUSTMENT AMOUNT OF $14,197,292; APPROVING A SUPPLEMENTAL APPROPRIATION IN THE AMOUNT OF $3,934,292, AN INTERDEPARTMENTAL BUDGET ADJUSTMENT IN THE AMOUNT OF $9,919,700, AND A CAPITAL ADJUSTMENT OF $343,000; REFLECTING APPROPRIATE ADJUSTMENT TO VARIOUS REVENUE AND EXPENDITURE ACCOUNTS AS SPECIALLY INDICATED IN THE BREAKDOWN; PROVIDING FOR VARIOUS BUDGET CODES; AND PROVIDING FOR AN EFFECTIVE DATE. (REQUESTED BY INTERIM CITY MANAGER, KENNIE HOBBS, JR.).
Body
Request Action:
Approve Fiscal Year 2025 six month budget review of revenue and expenditure amendments. supplemental Appropriation, interdepartmental budget adjustment and capital adjustment of for a total of $14,197,292
Need Summary Explanation/ Background:
the Six Month Budget is needed to assess the fiscal performance against the budgeted figures. It helps to identify deviations and discrepancies and allows for prompt corrective actions.
Cost Summary/ Fiscal Impact:
the net total of the adjustment is $14,197,292
Attachments:
1) Six Month Budget Adjustment
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