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y c 4,{F`o\ X14. <br />f F V F 5'9 ti RC\ <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947-0606 City Hall <br />(305)949-3113 Fax <br />MEMORANDUM <br />TO: Honorable Mayor and City Commissioners <br />VIA: Stan Morris, City Manager <br />FROM: Tiffany D. Neely, Finance Director <br />DATE: September 21, 2023 <br />RE: Assign Expenditures to Fund Balance - Assigned for PRMP Projects <br />RECOMMENDATION: <br />Staff recommends approval of the Resolution. <br />REASONS: <br />During the July 19th budget workshop, the Commission discussed and agreed to setting aside amounts <br />that were originally requested in the tentative 2023-2024 budget for certain public works and parks <br />and recreation initiatives which could be directly affected by the completion of the Parks and <br />Recreation Master Plan (PRMP). An assigned fund balance account for PRMP projects has bee <br />created for this purpose in the fiscal 2023-2024 budget. This resolution will assign $6,267,400 to the <br />assigned fund balance account for PRMP projects for the following expenditures: <br />General Fund - $2,617,400 <br />1. Fleet Maintenance capital outlay - $262,400 (001-5-5392-464XXX-00000) <br />2. Lehman Causeway basketball fencing - $50,000 (001-6-5720-464150-00000) <br />3. Heritage Park playground equipment - $750,000 (001-6-5720-464150-00000) <br />4. Town Center Park playground equipment - $850,000 (001-6-5720-464150-00000) <br />5. Gateway Park artificial turf - $500,000 (001-6-5720-464150-15000) <br />6. Pelican Community Park closed campus for NSE/SIB K-8 - $205,000 (001-6-5720-464150-60000) <br />Capital Projects Fund - $3,650,000 <br />1. City wide Parks Improvements - $1,500,000 (300-6-5720-465000-99014) <br />2. Intracoastal Sports Park - $2,000,000 (300-6-5720-465000-40005) <br />3. The Spot Improvements - $150,000 (300-5-5390-465000-29000) <br />Item Number: 10.13 <br />446 <br />