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Temple Terrace council adopts fiscal 2025 budget amendments to carry over unfinished 2024 projects
Summary
Council approved a resolution to amend the fiscal year 2025 budget to carry forward balances for projects and purchase orders that were encumbered but not completed by Sept. 30, 2024, across multiple funds including General Fund, Community Investment Tax and several utility funds.
The City Council on Jan. 21 approved a resolution to amend the fiscal year 2025 budget and carry forward balances for purchase orders and projects that were encumbered but not completed in fiscal 2024.
Finance Director Jim Ingram explained the adjustments cover items already approved in the FY2024 budget that remained unspent at the Sept. 30 year end. Exhibit 1 in the staff report itemizes purchase order numbers, vendors and remaining balances. Ingram summarized aggregate carryover totals by fund, including: General Fund $248,502; an Emergency Operations Center state grant $458,000; Street Improvement Fund $454,256; Community Investment Tax Fund $1,588,557; Tax Increment Fund $323,067; Water and Sewer utility and related funds with multiple items including a $7,000,000 ARPA designation for the new building and several other water/sewer funds with balances noted in the staff report.
Council Member Fernandez asked whether the amendment simply moves previously approved 2024 items into the 2025 budget; Ingram confirmed that these were approved in 2024 but not expended and thus require carryover so they can be spent in 2025. Council and staff discussed ARPA deadlines; the city manager said ARPA funds were encumbered by the state deadline and projects are progressing.
After questions, council voted to adopt the resolution. Ingram said he does not anticipate a second carryover amendment for the 2024 year.
