Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Amendments topic
No spam. Unsubscribe anytime.
Council approves mayor’s late budget corrections and fund reassignments across multiple city funds
Summary
The Budget Committee approved a set of late budget adjustments presented by city staff on May 27, 2025. Changes included accounting corrections, fund reallocations and modest net changes to several fund balances including the general fund, MAP fund, sanitary sewer and landfill funds.
City staff presented a package of late budget items to the Lexington City Budget Committee of the Whole on May 27 and the council voted to approve the changes as presented.
The presenter told the committee that most items were accounting corrections or clerical adjustments intended to reflect accurate revenue and expense allocations. Key changes the presentation identified included the following: - General fund: accounting corrections, clerical adjustments and small personnel account corrections resulted in a net decrease to the general fund balance of $30,866; the presenter said the new general fund balance would be $1,024,228. - Municipal Aid Program (MAP) fund: updated state revenue estimates increased the MAP fund by $840,927; staff reported the MAP fund total budget would be $7,540,927 after the change. The presenter and council members clarified that MAP funds are gas tax and some vehicle registration revenues from the state and must be used on eligible transportation projects. - Sanitary sewer fund: a clerical correction increased that fund by $12,305, leaving a reported fund balance of about $27,421,363. - Landfill fund: a $30,000 increase in electric service costs was added to the budget; staff reported a new landfill fund balance of $3,915,944. - Urban services and right‑of‑way funds: minor corrections and re‑allocations produced a small net positive change to the urban services fund (+$8,025; new balance $871,926) and an $8,560 positive adjustment to the right‑of‑way fund (new balance $104,848).
During the presentation, Council Member Gray requested plain‑English explanations of acronyms and staff explained that GASB refers to the Governmental Accounting Standards Board and that MAP is the Municipal Aid Program Fund. The city attorney noted the council could approve the package with a single blanket motion rather than separate votes fund by fund; council used that approach.
A motion to approve the mayor’s late items was made, seconded and carried. No roll‑call vote with names was recorded in the public transcript; the motion was approved on voice vote.
