The City of Hollywood's fiscal year begins on October 1 of each year and ends the 30th day of September the following year. The City Manager submits to the City Commission a proposed budget for the upcoming fiscal year based on the Commission's established priorities, which are included as part of a detailed financial plan prepared by the leaders of the various departments and offices.
From time to time, it becomes necessary to modify the adopted budget. Such modifications/amendments may bring about a change in the total appropriation for a department or fund. These four types of changes require approval by the City Commission prior to modifying the adopted budget:
The acceptance of an award of grant funding.
The appropriation of additional funding if expenditures are projected to exceed budgeted amounts.
Adjustments to reflect unanticipated revenues or receipts.
Re-appropriation of monies from one fund to another when deemed necessary.