Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Council adopts Q2 FY2025 budget amendments reflecting grant awards and carry-forwards
Summary
The City Council adopted the second-quarter amendments to the FY2025 budget on June 23, increasing revenues by about $6.7 million and appropriations by about $9.9 million to reflect newly secured funding, contracts carried forward from prior year and accounting transfers.
The Missoula City Council approved second-quarter adjustments to the fiscal year 2025 budget on June 23, accepting staff's recommendation to recognize additional revenues and to appropriate funds for a number of projects and contract carry-forwards.
Finance Director Lee Griffin told council the amendment package increases total city revenues by approximately $6.7 million and increases budgeted appropriations by about $9.9 million. The amendments cover newly secured grant funding, contracts that were signed but not completed in the prior fiscal year, and several interfund transfers and accounting adjustments.
Griffin said the midyear amendments are routine budget-management practice to ensure appropriations align with secured revenues and contractual obligations. The council approved the resolution by roll-call vote after a short presentation from finance staff. No public comment was offered on the item.
Staff provided an exhibit listing the 14 line-item amendments and noted the amendments will be reflected in city accounting and will not change policy direction except to reflect newly available funding.
