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Finance committee forwards Q3 budget amendments, $726K in one‑time augmentations and personnel reclassification
Summary
The committee recommended that City Council adopt amendments to the FY2024–25 operating and capital budgets to reflect year‑to‑date actuals and approve approximately $726,000 in one‑time augmentation requests and a personnel roster change moving a contracted role to an assistant engineer position.
The Finance Committee voted April 29 to recommend City Council adopt amendments to the city’s FY 2024–25 operating and capital budgets following the third‑quarter review through March 31.
Budget Officer Felicia Glendo reported general fund expenditures were approximately 63% of the approved operating budget and general fund revenues collected about 64% of the estimate as of March 31 (sales tax receipts lag by two months). She summarized enterprise fund performance: Water operating expenses roughly 64% with revenues at about 83% of year‑to‑date estimates; Wastewater operating revenues about 83% with expenses about 60%; Storm…
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