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Milton council approves mid‑year FY2025 budget amendments adjusting revenues and appropriations
Summary
Council approved amendments to the FY2025 budgets recognizing about $1.2 million in additional revenue anticipations and a set of expenditure adjustments; the fund balance remains above the city’s 25% reserve requirement.
The Milton City Council approved an ordinance adopting amendments to the city’s fiscal year 2025 budget, approving updated revenue and expenditure figures and recognizing various fund adjustments.
Why it matters: The amendments adjust anticipated revenues and appropriations for the fiscal year and update capital, special revenue and ARPA accounting; council approved the measure on its second reading.
Deputy City Manager Bernadette Harvill summarized the second read of the FY2025 amendments. Harvill said the amended general fund revenue anticipations increase by about $1,200,000 for a total of roughly $48,500,000. She identified sources including current‑year real property tax collections, land disturbance permits, fines and forfeitures, alarm and intangible taxes, and interest earnings on invested ARPA funds. On the expenditure side staff requested changes totaling roughly $21,954 across departments covered primarily by contingency funds, aside from items tied to dedicated revenue sources such as donations or interest premiums.
Harvill said the city’s projected fiscal‑year‑end general fund balance is $15,935,132, which exceeds the required reserve equal to 25% of the subsequent year’s budgeted revenues. She said staff has not yet requested a transfer of excess fund balance to the PAYGo program or capital projects fund pending council direction on the Deerfield Park buildout and price projections that will be presented at a later work session.
The ordinance covers multiple funds: special revenue (event vendor fees and confiscated assets spending), ARPA (recognition of interest earnings), capital projects (true recompense funds and insurance proceeds), green space bond fund, a planned Safe Streets for All grant in the TSPLOST fund and final adjustments in the revenue bond fund to close it out. Harvill provided a summary of department and project requests and noted $104,239 of contingency is proposed to offset requests without dedicated revenue.
Councilmember Jacobus moved to approve the ordinance on second reading and Councilmember Cookerly seconded; the motion passed unanimously.
Ending: The budget amendment ordinance passed unanimously; staff will return with more detailed project pricing for Deerfield Park and any requested transfers of fund balance once those figures are available.
