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HomeMy WebLinkAboutAgenda Item Summary Form-SUBTHIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. ?Ir. • 4‘. 10 AGENDA ITEM SUMMARY FORM FILE ID: 16636 Law Department Matter ID No. Date: 9/11/2024 Requesting Department: Office of Management and Budget Commission Meeting Date: 11/21/2024 District Impacted : All Type: ®Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Future Legislation ❑ Other Subject: FY 2023-24 Budget Appropriations Purpose of Item: Recommend changes to the FY 2023-24 budget to allow for year-end close-out. Background Information: As FY 2023-24 is now complete and the financial system is now closed, as such it is now appropriate to amend the City's previously approved budget allocations to close the fiscal year in compliance with existing laws ( Florida Statutes 166.241) and best practices. Budget Impact Analysis ® Yes ❑ No Is this item related to revenue? ® Yes LI No Is this item an expenditure? If so, please identify funding source below. General Account No: Various Special Revenue Account No: Various CIP Project No: N/A ❑ Yes El No Is this Item funded by bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: $58,406,000 (GF: $57,240,000; SR: $1,166,000) Sponsorship Information (This section is not required for items that have Citywide impact.) ❑ Yes ❑ No Has the District Commissioner been advised of this item? Please check which of the following applies: ❑ The District Commissioner will sponsor the item. Specify district below. ❑ D1 ❑D2 ❑D3 ❑D4 ❑D5 ❑ The District Commissioner will NOT sponsor the item. ❑ Response pending from District Commissioner. Does the item require approval from the following departments? ❑ Grants ❑ Procurement ❑ Risk Dept. Director --a-A/44-- Final Approval co 16636 Agenda Item Summary Form -SUB Page 1 of 1 SUBSTITUTED AGENDA ITEM SUMMARY FORM File ID: #16636 Date: Commission Meeting Date: 11/21/2024 Requesting Department: Office of Management and Budget Sponsored By: District Impacted: All Type: Resolution Subject: Close -Out Budget Adjustments - FY 2023-24 Purpose of Item: Recommend changes to the FY 2023-24 budget to allow for Background of Item: As FY 2023-24 is now complete and the financial sy now appropriate to amend the City's previously ap fiscal year in compliance with existing laws ( Flor practices. Budget Impact Analysis Item is Related to Revenue Item is an Expenditure Total Fiscal Impact: Total Fiscal Impact: TBD General Account No: Various S•ecial Revenue Account No. Office of Management and Bu City Manager's Office City Manager's Office City Manager's Office Legislative Division Office of the City At ' ney Office of the City orney City Commissio et arlous Reviewed B ar-end close-out. m is now closed, as such it is oved budget allocations to close the a Statutes 166.241 ) and best Marie Gouin Larry M. Spring Natasha Colebrook -Williams Arthur Noriega V Valentin J Alvarez Xavier Alban George K. Wysong III Todd B. Hannon Department Head Review Assistant City Manager Review Deputy City Manager Review City Manager Review Legislative Division Review ACA Review Approved Form and Correctness Meeting Completed 11/12/2024 5:16 PM Completed 11/12/2024 7:02 PM Completed 11/12/2024 7:25 PM Completed 11/12/2024 7:39 PM Completed 11/12/2024 10:14 PM Pending Pending Pending 11/21/2024 9:00 AM