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12.

City Council Regular Meeting

Meeting Date:

09/28/2021

BACKGROUND

The City Budget for FY 2020-21 was approved by Ordinance 20-T-31. The budget can be modified by council authorization when necessary throughout the year.

As staff reviewed accounts coming to close at the end of the year, it became apparent some accounts would be over budget without further action. Many of those accounts will be covered by contingency authorized by the City Manager but some funds will need Council authorizations to authorize a transfer of budget between departments and an increase in the General Fund from sales taxes.

Staff proposes to increase the Fire Department's personnel lines by $466,375 and cover the increase with $40,000 from Planning & Zoning personnel and $80,000 from Streets personnel, savings due to turnover and extended vacancies, to the Fire personnel lines and an increase in sales taxes of $346,375.

Fire department's personnel increase was due to the pay structure changes in February 2021. EMS and Police also saw increases but were able to cover their increase with vacancy savings, operational savings, and use of contingnecy.

Staff also proposes to transfer the water meter purchase budget from the Water & Sewer Admin over to Utility Billing as Utility Billing has take over ordering the meters and were already responsbile for managin the installs. This transfer will be $125,000 of the existing budget for this purpose and will not change the overall budget in the Water & Sewer Fund.

UPDATE: Included in the second reading is an adjustment to provide funding for the Women Hollering Trunk Line project. This adjustment will transfer $7,795,000 from Sewer Capital Recovery reserves to the project. This will leave $125,000 remaining in the Sewer Impact Fee Fund for misc expenditures as needed.

GOAL

To approve the budget adjustment for projected overbudget accounts.

COMMUNITY BENEFIT

To maintain a complete and balanced budget.

SUMMARY OF RECOMMENDED ACTION

Staff recommends approval of Ordinance 21-T-41.

FISCAL IMPACT

This adjustment will recognize additional sales tax revenue of $346,375 and allocate that to the Fire Department's personnel lines. All other adjustments are transfers between departments and do not change the overall approved budgets.

This adjustment will transfer $7,795,000 from the Sewer Capital Recovery Fund to the Woman Hollering Trunk Line project. After the transfer, $108,000 will remain in the fund for any misc expenditures related to the impact fees.

RECOMMENDATION

Staff recommends approval of Ordinance 21-T-41.

Attachments
Ordinance 21-T-41