Riverton council approves budget amendment to close out economic development fund

The Riverton City Council approved Resolution 15‑27 on June 24, 2025, amending the city’s fiscal‑year 2024‑25 budget to reflect $666,378.73 in economic development expenditures and multiple internal fund transfers, the council said at a special noon meeting that ran about 13 minutes.

Mia, the administrative services director, told the council the package of amendments was a year‑end statutory reconciliation and did not rely on new general‑fund appropriations. “We are recommending a total adjustment of $25,800 across 4 cost centers in the general fund,” Mia said, and she described additional internal adjustments in several enterprise funds and the airport fund.

The amendment increases Riverton’s total budget from $36,990,000.00 to $37,660,000.00 — an increase of $666,378.73 tied solely to activity in the economic development fund, Mia said. She told the council the economic development fund had been overexpended because distributions to EDGE recipients and air‑service costs were paid from prior‑year balances and collections that had not previously been appropriated for the current fiscal year.

Mia outlined the other line items: $3,500 for the city administrator budget (travel, training, insurance); $11,500 for increased prisoner housing costs in municipal court; $3,800 for public works (a final payout for a retiring employee and operations); and $7,000 for community development (wages, publication, training). Enterprise administration adjustments included $18,000 to water administration, $22,000 to wastewater administration and $35,000 to sanitation administration; the airport fund required $12,000 for operations costs, Mia said. She added these adjustments would be covered by transfers within the affected funds and would not increase those funds’ overall budgets.

Council members asked for clarification about the source of the economic development dollars after a previously proposed half‑percent tax failed. Council discussion clarified that some revenues were carryover from the prior fiscal year and some were receipts collected during a period when the tax measure was temporarily in effect; the city did not appropriate more than it had received. “The end result is that account now is at 0 because we’ve expended the funds,” Mia said.

Council members also confirmed that recipients of EDGE funding remain subject to the terms of their agreements and must report to the council; the city can enforce contract terms if recipients do not perform, the administrative staff said.

Councilman Kyle Larson moved to approve Resolution 15‑27; Councilwoman Carla Borders seconded. The motion passed with all members present voting in favor.

The council adjourned after the vote. Staff said it will continue to provide reports on EDGE recipients and to reflect the closed‑out balances in future budget documents.