Submitted By: Misty Davis
presenter
Presentation By: Tammi Haslam
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Department: Budget
STAFF RECOMMENDATION (Motion Ready):
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Budget Resolution 2026-139 amending the Fiscal Year 2025-26 budget for the carry forward of prior fiscal year grant funds totaling $41,439,079
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OCALA'S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
At the end of Fiscal Year 2024-25, the City had ongoing grant projects in which the granting agency had a grant period that differed from or was longer than the City's fiscal year. Departments request re-appropriation of unused grant funds for specific projects in various stages of completion at the end of Fiscal Year 2024-25.
FINDINGS AND CONCLUSIONS:
At the end of Fiscal Year 2024-25, departments were at various stages of completing projects funded by grants. The carry forward of funds will allow these projects to continue.
Staff recommends approval.
FISCAL IMPACT:
$41,439,079 is available and requested for re-appropriation from Fiscal Year 2024-25 to Fiscal Year 2025-26 to complete grant-funded projects that were budgeted in the prior fiscal year.
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
None
BUDGET RESOLUTION 2026-139
A RESOLUTION AMENDING FISCAL YEAR 2025-26 FOR THE CARRY FORWARD OF PRIOR FISCAL YEAR GRANT FUNDS TOTALING $41,439,079
WHEREAS, approved grant funds not fully expended by September 30, 2025, need to be carried forward to Fiscal Year 2025-26; and
WHEREAS, the granting agency established a grant period different or longer than the City's fiscal year and/or where the grant authorized expenditures of committed funds in a subsequent fiscal year; and
WHEREAS, the Finance department has determined that as of September 30, 2025 the funds listed below represent the unexpended portion of grant funds to be carried forward; and
WHEREAS, the Finance department certifies that there are sufficient funds remaining in each grant to satisfy ...
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