Submitted By: Catherine Larson
presenter
Presentation By: Tammi Haslam
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Department: Budget
STAFF RECOMMENDATION (Motion Ready):
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Adopt Budget Resolution 2022-133 amending the Fiscal Year 2021-2022 budget for the carry forward of prior fiscal year grant funds totaling $22,769,699
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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 2020-2021, the City had ongoing grant projects in which the granting agency had a different or longer grant period 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 2020-2021.
FINDINGS AND CONCLUSIONS:
At the end of fiscal year 2021, departments were in various stages of completion of projects using grant funds. The carry forward of funds will allow for the continuation of these projects.
FISCAL IMPACT:
$22,769,699 is available and requested for re-appropriation from fiscal year 2020-2021 to fiscal year 2021-2022 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 2022-133
A RESOLUTION AMENDING THE FISCAL YEAR 2021-2022 BUDGET FOR THE CARRY FORWARD OF PRIOR FISCAL YEAR GRANT FUNDS TOTALING $22,769,699
WHEREAS, approved grant funds not fully expended by September 30, 2021 need to be carried forward to fiscal year 2021; 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 Business & Financial Services department has determined that as of September 30, 2021 the funds listed below represent the unexpended portion of grant funds to be carried forward; and
WHEREAS, the Business & Financial Services department certifies that there are suffi...
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