Exhibit 1 SRF funds Transfer for Ocean Outfall — Regular City Commission Meeting (2026-03-04)

AI Summary

The City of Hollywood received an additional $500,000 in State Revolving Fund (SRF) loan financing from the Florida Department of Environmental Protection for the Ocean Outfall Regulatory Compliance Phase 2 project. This budget amendment recognizes the borrowed proceeds as revenue in the Water and Sewer Fund and allocates the entire amount to cover expenses for the Ocean Outfall Phase 2 project.