Submitted By: Catherine Larson
presenter
Presentation By: Tammi Haslam
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Department: Budget
STAFF RECOMMENDATION (Motion Ready):
title
Adopt Budget Resolution 2023-143 amending the Fiscal Year 2022-2023 budget for the carry forward of prior fiscal year grant funds totaling $23,273,656
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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 2021-2022, 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 2021-2022.
FINDINGS AND CONCLUSIONS:
At the end of Fiscal Year 2021-2022, 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:
$23,273,656 is available and requested for re-appropriation from Fiscal Year 2021-2022 to Fiscal Year 2022-2023 to complete grant-funded projects budgeted in the prior fiscal year.
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
Amend
Table
Deny
BUDGET RESOLUTION 2023-143
A RESOLUTION AMENDING FISCAL YEAR 2022-2023 FOR THE CARRY FORWARD OF PRIOR FISCAL YEAR GRANT FUNDS TOTALING $23,273,656
WHEREAS, approved grant funds not fully expended by September 30, 2022 need to be carried forward to Fiscal Year 2023; 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, 2022 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 sufficient ...
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