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Town and Country unanimously adopts budget transfers to close 2024 audit; ordinance 4685
Summary
The Board of Aldermen approved ordinance 25-13, transferring appropriations across multiple funds to reconcile the 2024 budget for the annual audit; the measure passed unanimously and became ordinance 4685.
The Town and Country Board of Aldermen on March 24 approved ordinance 25-13, amending the 2024 budget to transfer appropriations among the general fund, road fund, capital improvement fund and parks and stormwater fund and to increase public art fund expenditures. The ordinance passed unanimously and was assigned ordinance number 4685.
City staff said the transfers were bookkeeping adjustments needed for the annual financial audit. A staff member summarized the purpose: “Basically, these changes ... need to happen to move forward for the audit,” and clarified the transfers shifted existing appropriations from areas with lower spending to cover increased costs elsewhere. Staff said the adjustments did not draw on reserves.
The measure was read into the record and approved by roll call. City Clerk roll-call responses recorded Alderman Allen, Alderman Muse, Alderman Carter, Alderman Murphy, Alderman Kinsella, Aldrin Louisiana, Aldrin Gware and Aldrin Samuel as having voted in the affirmative; the bill was passed unanimously.
The ordinance updates are intended to align reported expenditures with actual spending ahead of the city’s annual audit and to appropriate additional dollars to the public art fund. City staff indicated these transfers will be reflected in audit documents filed for fiscal 2024.
