Council reviews FY24-25 capital-projects amendments; staff to add ordinance to agenda

City finance staff explained an ordinance amending FY24-25 capital projects that primarily moves previously budgeted expenditures for the indoor recreation facility (rec center) from the capital projects fund to the general fund and creates a sports-authority category in the general fund. "The auditors...don't want that in capital projects. They want that in our general fund under, other organizations," a staff member said, describing the reclassification.

Staff said the change mostly reverses a prior budget classification, moves money previously shown in the capital projects fund to the general fund's administration section, and adds a line for debt service associated with the sports authority. The staff member said the adjustment is largely an accounting move for funds already budgeted and spent to date; "that's just taking it from the capital projects fund and putting it in general funds," the staff member said.

Council had questions about other items added to the ordinance, including a spec building on Interstate Drive that was not included in the original budget; staff said the spec building will be added to capital projects pending grant reimbursement. Staff also confirmed adding $80,000 for engineering on Interstate Drive that had not been in the original budget. There was no formal vote; staff said they will add the ordinance to the agenda for council consideration.