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Tupelo council approves Budget Amendment No. 4, moves $3.57 million to capital fund and records grant awards
Summary
The Tupelo City Council approved Budget Amendment No. 4 for FY2025, recording two police equipment grants, a sports-council donation for travel, a $100,000 capital increase for Gumtree/Hancock Park and a transfer of $3,570,531 of last year's excess general fund revenue into the capital fund.
The Tupelo City Council on the regular agenda approved Budget Amendment No. 4 for FY2025, accepting several grants and donations, adding $100,000 for a parks project and transferring $3,570,531 of excess general-fund revenue into the capital fund.
Kim, a city staff member, told the council the amendment would add $2,861 for travel expenditures funded by a donation from the Tupelo Sports Council and place $283,450 in police-equipment revenue into the budget from two grants. "This will be paid for by the sports council," Kim said, adding that the equipment amount "is coming in the form of 2 grants.…
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