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Council hears midyear budget review and approves ordinance amending FY2024-25 budget
Summary
Finance staff presented a midyear budget that recognizes additional revenues and reallocates funds; council approved an ordinance amending the FY2024-25 budget and carrying an emergency clause, covering exhibits addressing general fund, MPWA, landfill, grants and capital projects.
Finance staff presented the midyear budget review to the council, describing modest revenue increases and corresponding adjustments to expenditures across multiple funds.
Staff said the general fund was amended to recognize roughly $575,000 in additional revenues and corresponding appropriations to cover payroll and departmental needs; MPWA (municipal power and water authority) amendments recognized about $352,000 in additional revenues and expenditures. Staff also noted timing differences that left some capital projects unspent at midyear but expected to draw down in spring as projects progress.
Major items staff highlighted included the TIF estimated payment ($521,000), use- and sales-tax patterns across recent years, and the city's plan to digitize economic development and airport records. Staff discussed capital improvements completed or underway (LED lighting retrofits, pavement management, water-treatment plant reclaimed operations, clarifier repairs, landfill scale replacement and various DWSRF projects).
Council subsequently considered Ordinance No. 2812 amendments (exhibits 1—11). The ordinance recognizes new revenue and reallocates funding among the CIP, general fund, MPWA, landfill, police grant fund, cemetery fund, bond trustee fund, tourism, infrastructure, economic development and grants. Councilor Gilmore moved to approve the ordinance with an emergency clause; Councilor Woodley seconded. Roll call recorded unanimous support from councilors present and the motion carried.
Staff said no major personnel or benefit reductions are expected this fiscal year and that some large capital savings were realized, including changes tied to bringing the water-treatment plant operations in-house. Staff will present updated budget documents and the finalized exhibits as part of the official record.
