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Council approves FY24-25 budget amendment to account for late resort-tax receipts and asset sale
Summary
Council adopted Resolution 19-43 to amend the fiscal year 2024–25 budget for the resort tax fund and the capital projects fund to record late resort-tax collections and proceeds from the unbudgeted sale of a fire truck and cover related equipment costs.
The Columbia Falls City Council approved Resolution 19-43, a budget amendment to record late resort-tax collections and to reflect unbudgeted capital receipts and expenses in the capital projects fund.
City staff told the council the resort-tax adjustment accounts for receipts collected after the original budget period (noting collections dated from December 2022 through May 2024) and does not apply to taxes for the current fiscal year. The council was reminded that an earlier adjustment of $87,940 was approved in February.
For the capital projects fund, staff said the city recorded $667,500 in proceeds from the sale of a fire truck that had not been previously budgeted. In addition, the amendment covers $17,671 in unanticipated outfitting costs for a patrol vehicle and $6,559 for replacement radios purchased by the fire department; those costs were described as being paid from capital proceeds.
A motion to approve the fiscal year 2024–25 budget amendment passed on a roll-call vote with all councilors and the mayor voting aye.
