Agenda

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11.

City Council Regular Meeting

Meeting Date:

12/05/2023

BACKGROUND

This budget amendment ordinance is meant to move unused budgeted amounts from FY 2022-23 to FY 2023-24. This adjustment is for departments that had unused budgeted amounts due to delays in manufacturing, back ordered/out of stock items, or project schedules that run through multiple fiscal years. The identified items and amounts to be rolled forward amount to $1,288,503. A list of items are outlined below:

1. Police - $634,813 for vehicles that were delayed, dog run and kennel, body armor, ammo, and other supplies
2. Streets- $653,690 for the 2023 roadway maintenance projects, including repairs to Trainer Hale and Windy Meadows, and to complete sidewalk removal and replacement at Rooster Run and Redbarn Run

GOAL

To move forward unused budget amounts on approved programs from FY 2022-23 to prevent expenses from the previous fiscal year from inhibiting the operating budgets for FY 2023-24.

COMMUNITY BENEFIT

This will prevent current year projects and purchases from being delayed due to overlapping expenditures from the previous fiscal year.

SUMMARY OF RECOMMENDED ACTION

Staff recommends approval of Ordinance 23-T-31.

FISCAL IMPACT

The unused funds from last fiscal year were deposited into reserves. This proposal would withdraw those funds to be used in FY 2023-24.

General Fund Estimated Fund Balance - $15,888,000

Proposed Funding of previous year's projects - $1,288,503

RECOMMENDATION

Staff recommends approval of Ordinance 23-T-31

Attachments
Ordinance 23-T-31