Milton council hears second-round FY2025 budget amendments, including $3 million transfer for athletic complex

Milton City Council members heard the sole public hearing on second-round amendments to the fiscal 2025 budget at a special called meeting Monday, Sept. 8, with staff outlining revenue adjustments and transfers that would affect the city’s year-end fund balance.

The amendments package would reduce FY2025 revenue projections by $178,122 to $48,300,000 and reflect expenditure adjustments that leave the amended budget at about $50,000,000. “The amended revenues for fiscal year 2025 are shown at $48,300,000 after requested amendments that will reduce the budget by $178,122,” Finance staff member Steve said during the presentation.

The amendment packet includes $3,077,451 in adjustments, 98% of which are operating transfers out to other funds. Of that amount, $3,000,000 is proposed to transfer from the general fund to the capital projects fund to support construction of a new active athletic complex on Deerfield Parkway based on…