AGENDA ITEM REPORT
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AN ORDINANCE ADOPTING THE FISCAL YEAR 2025 OPERATING AND CAPITAL IMPROVEMENT BUDGET AS THE CITY’S OFFICIAL BUDGET. THIS ORDINANCE WILL APPROPRIATE FUNDS FOR OPERATING CITY DEPARTMENTS AND CAPITAL PROJECTS FROM OCTOBER 1, 2024, TO SEPTEMBER 30, 2025. (FIRST READING)(FIRST PUBLIC HEARING)
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BACKGROUND:
On July 29, 2024, the Proposed Fiscal Year 2025 (FY25) Budget and Capital Improvement Plan document was submitted to the City Commission. Staff presented the Proposed FY25 Budget and Capital Improvement Plan to the City Commission at the Budget Workshop held on August 7, 2024.
DISCUSSION:
First Reading of this ordinance tentatively adopts the Proposed FY25 Operating and Capital Improvement Budget as the City’s official budget, with the following amendments authorized by the City Commission during the Budget Workshop held on August 7, 2024:
The Urban Design and Development Division within the Sustainable Development Department has been restructured into two (2) separate divisions: Urban Design and Development and Community Planning Transportation. The overall budget for the Sustainable Development Department remains the same.
The ordinance will also:
1. Allow the City to continue the General Trust Fund and automatically amend the budget for financial reporting purposes;
2. Allow the City to continue the Grants Funds and automatically amend the budget for financial reporting purposes;
3. Allow the City to continue the Local and Federal Law Enforcement Trust Funds and automatically amend the budget for financial reporting purposes;
4. Allow the City to continue the Transportation Surtax Fund and automatically amend the budget for financial reporting purposes;
5. Provide authority to re-appropriate any unspent funds budgeted for the Economic Development Division; and
6. Provide authority to re-appropriate $500,000 from Fund Balance Reserves for E-911 Dispatch Services.
The Proposed FY25 Operating and Capital Improvement Budget is available for inspection: (1) online at www.coconutcreek.net/proposed; (2) by contacting the City Clerk Department at (954) 973-6774; or (3) in-person at the Coconut Creek Government Center, 4800 West Copans Road, Coconut Creek, Florida 33063, Monday through Thursday, 7:00 a.m. through 6:00 p.m.
RECOMMENDATION:
Staff recommends approval of this ordinance.
FISCAL IMPACT: Please refer to the FY25 Proposed Budget and Capital Improvement Program document, which is available online at www.coconutcreek.net/proposed.