Title
An Ordinance approving Amendment No. 12 to the budget for the Fiscal Year ending June 30, 2025, as adopted by Ordinances 9936, 9937, 9938, 9939, and 9940, by amending the authorized expenditures for the City.
Body
Issue/Request:
An Ordinance approving Amendment No. 12 to the budget for the Fiscal Year ending June 30, 2025, as adopted by Ordinances 9936, 9937, 9938, 9939, and 9940, by amending the authorized expenditures for the City.
Key Issues:
The City is drawing close to the end of the FY25 audit and the financial records now reflect actual expenses for the year. In review a couple departments and a few funds need spending authority increases to stay within compliance of the City Charter and Policy.
-The Legal department's budget for FY25 needs to be increased $40,000 to cover the expense of the additional outside legal services needed for litigation
-The Finance department's budget for FY25 needs to be increased $415,000 to cover a significant increase of EMS Ground Insurance-adjustments.
-The FY25 budgets for Administration, Human Resources, and Public Works will be reduced to cover the needed increases, this will keep us from increasing the FY25 General Fund budget overall.
-The software subscription payment for First Due is being moved from the General Fund (Fire) to ITS as this is where the original setup and initial annual payments made. This will make the accounting and required record keeping more efficient.
-Closure of the Solid Waste enterprise fund using balances from the Landfill Post Closure Fund, assets and liabilities will be moved to the Landfill Post Closure Fund
-Exhibit A attached to the Ordinance includes a complete list of the funds that need additional spend authorization for the FY25 budget year.
Presenter
Rick Gentry, Budget Manager
Recommendation
Recommendation: Staff recommends approval
Committee Recommendation
Committee Recommendation: [Enter Committee Recommendation text Here]