Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Budget topic
No spam. Unsubscribe anytime.
Clearfield City Council adopts amendments to FY2025 budget, citing higher project and transaction costs
Summary
The Clearfield City Council unanimously approved Resolution 2025-R-08, adopting second and final amendments to the fiscal year 2025 budget to cover project overages, increased contractor review demand and higher transaction fees; staff said bond interest will cover a shortfall on the Clearfield Station project.
The Clearfield City Council unanimously approved a resolution Tuesday amending the city’s fiscal year 2025 budget to cover a set of items city staff said exceeded previously authorized spending.
City staff presented the second and final amendment to the FY2025 budget as additions for items that exceed existing budget authority. Rich Knapp, a staff member who spoke at the hearing, said the package includes adjustments for skate park and pavilion costs, increased contractor plan review and inspection demand, higher credit-card processing fees, bank fees tied to interest-rate decisions, and an elevated project budget for the Clearfield Station.
The amendments were introduced as Resolution 2025-R-08. "This is our second amendment of the FY '25 budget and our last amendments. These are items that exceed budget authority," Knapp said. He told council that a $27,000 increase for one line item would be covered from a department balance, that credit-card and transaction costs had risen and would be further analyzed, and that the Clearfield Station budget is showing a larger than anticipated figure from the original estimate. On the latter, Knapp said the net planned revenues versus planned expense for the Clearfield Station project will be short by about $307 and that interest earned on bond monies could be used to cover that shortfall.
Council members did not ask further substantive questions during the public hearing. The mayor called for a motion; a council member moved to approve the resolution and a second was given. The council then voted and the motion passed unanimously.
The amendments were presented at a public hearing with no public comments. The vote on Resolution 2025-R-08 was recorded as unanimous by the council on the record.
The amendments are intended to align spending authority with expected and incurred costs for the remainder of FY2025; staff said they will review options to lower recurring transaction fees and will use interest earned on bond funds to address the Clearfield Station shortfall.
Minutes from the meeting show the resolution was approved and the council moved on to subsequent agenda items.
