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Dunedin commission adopts $47.4 million carry‑forward budget amendment for FY25
Summary
The City Commission on March 4 approved Resolution 25‑07 to carry forward prior‑year encumbrances and unfinished project budgets into fiscal year 2025, a $47.4 million net increase in appropriations across multiple funds. Finance staff said the general fund reserve remains above target.
The Dunedin City Commission unanimously approved Resolution 25‑07 on March 4, 2025, amending the city’s operating and capital budget for the fiscal year that began Oct. 1, 2024. The amendment carries forward encumbrances and unfinished project budgets from FY24 into FY25 and increases appropriations by roughly $47.4 million across multiple funds.
Finance Director Les Tire told commissioners the amendment primarily formalizes purchase orders issued in FY24 that had not been invoiced or received by the Sept. 30 year‑end. He said the staff report divides the carryforward into two sections: roughly $16.2 million for outstanding encumbrances and about $31.1 million for project budgets that remain active this fiscal year.
Tire said the document shows the effect of the amendment on each fund by fund and that, pre‑audit, the city’s general fund reserve is projected at 24.1 percent (about $10.5 million), above the 15 percent policy target. He also outlined three funds that remain under reserve targets: the public art fund (no revenue in 2024), the stormwater fund and the golf operations fund, and said those shortfalls were expected and addressed in the FY25 budget approved last fall.
Commissioners asked a few procedural questions about the purpose of a carryforward amendment and whether the numbers contained surprises. Tire and Ashley Kimpton, budget manager, said the amendment reflects routine accounting for prior‑year encumbrances and multi‑year projects and that the details were provided in attachments C–E of the staff report.
No members of the public testified on the item. After brief comments from commissioners, City Clerk Jennifer Cohen called the roll. Commissioners DeGard, Vice Mayor Gao, Commissioner Walker, Commissioner Sandbergen and Mayor Franey voted aye and the resolution passed unanimously.
The amendment carries forward funds that staff said will be tracked throughout the year; Tire said the city’s financial audit for FY24 would begin at the end of March and he expected audit completion by the end of April.
The commission’s approval now authorizes staff to post the carryforward appropriations and proceed with the associated purchase orders and project work outlined in the attachments.
