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Neosho council adopts modest budget amendment; staff reports slight sales‑tax dip
Summary
Council approved a budget amendment that increases fund balances by $80,817 and adjusts appropriations for fire equipment and capital; staff reported a month-over-month sales‑tax decline but year‑to‑date figures remain above projections.
The City of Neosho adopted a fiscal-year budget amendment (Bill 2024‑57) on Aug. 6 that increases fund balances by $80,817 to reconcile additional interest, insurance proceeds and miscellaneous revenue. City staff recommended the change as part of closing out the current year and preparing the next year’s budget.
Leslie (first referenced at SEG 232) told council the amendment adds about $13,400 to the fire department equipment line, moves an intended property purchase from a public‑safety transfer into the capital line, and rolls a $20,715 purchase order into the next fiscal year. Staff recommended adoption to reconcile revenues and expenditures; the council approved the amendment 7‑0.
In a related finance update, Leslie reported that the most recent month’s sales‑tax receipts were down 2.85% compared with the prior‑year month (the transcript indicates the comparison month language was clarified during the report), and year‑to‑date figures are reported as down 3.4%. Leslie said overall the budget remains ahead of some projections and noted one remaining state revolving fund debt payment due in September; staff will provide updated debt balances at a future meeting.
What’s next: The budget amendment was adopted and staff will continue to monitor revenues and report updated debt balances at the next meeting.
Quotes
"What this budget amendment will do will increase our fund balances $80,817…" — Leslie, city staff.
Ending
Council unanimously approved the amendment; staff will update debt balances at the next meeting and continue routine budget monitoring.
