File #: 25-4085    Version: 1 Name:
Type: Agenda Item Status: Consent Agenda
File created: 5/7/2025 In control: City Council
On agenda: 5/19/2025 Final action:
Title: Approval of FY 2025 Mid-Year Supplemental Appropriations to the Following Funds: General Fund in the Amount of $598,483, Debt Service Fund in the Amount of $1,855,940, Hotel/Motel Tax Fund in the Amount of $29,000, Utility Fund in the Amount of $1,339,376, and Tax Increment Reinvestment Zone 3 in the Amount of $74,075.
Attachments: 1. Staff Memo, 2. FY 2025 Mid-Year Fund Summaries
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Approval of FY 2025 Mid-Year Supplemental Appropriations to the Following Funds: General Fund in the Amount of $598,483, Debt Service Fund in the Amount of $1,855,940, Hotel/Motel Tax Fund in the Amount of $29,000, Utility Fund in the Amount of $1,339,376, and Tax Increment Reinvestment Zone 3 in the Amount of $74,075.

 

request

ADMINISTRATIVE COMMENTS:

 

As part of the mid-year budget process, both revenue and expense accounts are reviewed for all operating funds. A presentation will be provided during the May 19, 2025 City Council workshop session that outlines the financial trends the City has seen through the first half of the fiscal year. The analysis also provides a determination of any supplemental appropriations that may be needed for the remainder of FY 2025.

 

RECOMMENDATION:

 

That the City Council approve the budget calendar as set forth in the caption above.