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Fiscal court opens public hearing, reads first reading of FY25 budget amendment to record $5.9M in grants
Summary
Staff presented a net-neutral FY25 budget amendment to recognize $5,908,125 in new grant revenue and corresponding expenses, including two KPI awards ($3.6M, $2.0M), a Safe Streets grant ($168,000), and a federal water-rescue grant ($141,000); court opened the public hearing, heard no opposition and read the ordinance for first reading.
The Boone County Fiscal Court on Jan. 7 opened a public hearing and conducted first reading of an ordinance to amend the FY25 all-funds budget in order to book incoming state and federal grant revenues and matching expenses.
County staffer Matthew told the court the amendment reflects two awards under the Kentucky Product Development Initiative (KPI) — described as awards of $3,600,000 and $2,000,000 that will flow through the county to CVG — a $168,000 Safe Streets grant, a $141,000 federal grant for a remotely operated water-rescue vehicle, and a proposed $100,000 contingency to account for potential future state grants. "All told, the amendment would show $5,908,125 of additional grant revenue and then corresponding grant expense," Matthew said.
Staff characterized the amendment as net neutral because the revenues are pass-through and there is no new operating expense, personnel, or ongoing program change. The judge opened the hearing for public comment; no one spoke in favor or opposition and the judge closed the public hearing. Shauna read the ordinance for first reading; the second reading is scheduled for Jan. 21.
Because the court only completed a first reading, no final appropriation occurred at the Jan. 7 meeting. Staff said that the county will record the revenues and remit funds to partner organizations (CVG) consistent with grant rules once reimbursement claims are approved by the state.
