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File #: 24-671    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 11/19/2024 In control: City Council
On agenda: 12/10/2024 Final action:
Title: Approve a Resolution Amending the Fiscal Year 2025 Adopted Budget, BAF# 25-002-A1 & A2, to provide budget for items such as capital projects and maintenance, that were budgeted within FY24 and not yet executed, through the use of Fund Balance Reserves and other Revenue Sources.
Attachments: 1. Budget Resolution FY 2024- 112 ADA Compliant.pdf, 2. Tracking Sheets For BAF 25-002-A1 & A2.pdf, 3. BAF 25-002-A1-FN- Capital Roll (12-10-24) Agenda 24-671-FY25.pdf, 4. BAF 25-002-A2-FN- Capital Roll (12-10-24) Agenda 24-671-FY25.pdf
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CITY COUNCIL AGENDA ITEM

 

Memo Date:                                          November 19, 2024

Agenda Date:                     December 10, 2024

Prepared By:                                          Zoie Badalov, Senior Budget Analyst

Through:                                          Rebecca Bowman, MBA, CGFO, CGFM Finance Director

Requested Action:                     

title

Approve a Resolution Amending the Fiscal Year 2025 Adopted Budget, BAF# 25-002-A1 & A2, to provide budget for items such as capital projects and maintenance, that were budgeted within FY24 and not yet executed, through the use of Fund Balance Reserves and other Revenue Sources. End

 

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BACKGROUND:

 

In addition to the (P.O.) budget rollover (Agenda 24-644), there are projects that were budgeted in FY24, and a PO was never issued.  BAF# 25-002-A1, A2 is to provide budget for unexecuted expenses within various departments or to reclass funds into the appropriate department/division to remain in regulatory compliance.  

 

Since any amount not spent at the end of FY24 went back into fund balance reserves, this agenda item is requesting to amend the budget taking the money back out of reserves to provide the necessary budget in FY25, to perform the projects indicated on the attachments.  Grant Revenue funds any grant related projects.

 

 

STRATEGIC PLAN CONNECTION: 

 

To provide financial transparency with budgeting and the procurement processes

 

BUDGETARY IMPACT:

 

FY25 Budget Roll: BAF# 25-002-A1 & A2

(See attached spreadsheets with detailed transactions)

 

 

PREVIOUS ACTION:

 

Enter text here

 

RECOMMENDED MOTION:

Recommendation

Approve a Resolution Amending the Fiscal Year 2025 Adopted Budget, BAF# 25-002-A1 & A2, to provide budget for items such as capital projects and maintenance, that were budgeted within FY24 and not yet executed, through the use of Fund Balance Reserves and other Revenue Sources.