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Aldermen discuss $6.26M net amendment; request reconciliation and table budget amendment
Summary
Council discussed a first-quarter FY2025 budget amendment that staff said nets a $6.263 million decrease due largely to carryovers from FY2024; aldermen asked for reconciled presentation tying adopted FY2025 numbers to year-end activity and voted to table the amendment pending clarification.
City staff presented a first-quarter FY2025 budget amendment and the first-quarter financial report on March 25. The amendment reflects grant carryovers and deferred capital expenditures from FY2024; staff reported the net effect of amendments across all funds as a decrease of $6,263,214.
Staff explained that several projects were not completed in FY2024 and thus rolled into FY2025 as carryovers (notably capital and bond-construction projects and…
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