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Lincoln Park council approves midyear budget amendments, staff says revenues exceed expenditures by about $109,500
Summary
City council approved midyear budget adjustments after staff reported estimated revenues exceed expenditures by $109,515 and highlighted grants and overtime changes affecting several departments.
The Lincoln Park City Council on an affirmative vote approved midyear amendments to the fiscal year 2024–2025 budget after staff said current estimates show revenues exceeding expenditures by $109,515.
Finance staff told the council that ‘‘at the midyear point this year, we are estimating that expenditures will come in below revenues by $109,515,’’ and noted that several grants and reimbursements contributed to revenue increases. The staff summary said general fund revenues rose about $200,000, in part because the clerk’s office received an elections grant of about $30,000 and the city received $35,000 in reimbursement tied to the presidential primary.
The staff presentation also noted department-specific changes: the fire department received a grant to purchase new turnout gear (which increased both revenues and expenditures in that department), and police and fire payroll budgets were adjusted for employee contract obligations. The water and sewer fund saw adjustments tied to grant activity. The drug and forfeiture fund was reported to be reduced over recent years because of changes in law related to marijuana legalization, prompting lower revenues and smaller expenditures from that fund.
Staff recommended and the council approved a resolution authorizing the finance director to adjust appropriated revenue and expenditure budgets by cost center for fiscal year 2024–2025 as submitted. The resolution passed on a roll-call vote recorded as: Councilperson Ross — yes; Councilperson Baer — yes; Councilperson Dupree — yes; Councilperson Nichols — yes; Councilperson Salcedo — yes; Councilperson Zohr — yes; Mayor Maureen Tobin — yes.
City staff said overtime has increased this fiscal year, partly because of multiple water main breaks, and that the deficit elimination plan filed with the state requires continued monitoring of certain funds. The finance staff advised the council they will continue to track spending and revenue through the remainder of the fiscal year.
The council’s action gives the finance director authority to implement the cost-center adjustments described in the staff memorandum.
