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Anderson City Council approves amendment to 24-25 budget to reflect new revenues and debt items
Summary
The Anderson City Council voted unanimously to adopt Ordinance 25-13 on second reading, approving amendments to the 24-25 annual budget to record additional grants, prior-year funds and debt-service borrowings, with finance staff citing multiple fund adjustments.
Anderson City Council — In its first September meeting, the Anderson City Council voted unanimously to adopt Ordinance 25-13 on second reading, amending the city—s 24-25 annual budget to record additional revenues, grants and debt-service items.
Chief Financial Officer Margaret Martin told the council the amendment "increases the general fund 10,551,238" and adjusts several other funds. "Tonight, we are requesting final approval of ordinance 25 13, amending the 2425 annual budget," Martin said. She told council the packet includes a detailed ordinance and that the changes reflect grants received, the use of prior-year funds carried forward and borrowings not in the original budget.
Martin outlined fund-level changes the council was asked to approve, including a $10,551,238 increase to the general fund and adjustments to the capital replacement fund, sewer, water, stormwater, parks and recreation, sanitation, tax and transit funds. She also cited limited-obligation bonds of $11,000,000 and capital leases (figures discussed included a $1,500,000 lease and a $1,300,000 lease) as part of the items not previously reflected in the budget. Martin said the amendment lets the budget and audit "more accurately reflect the revenues received and expenditures made that were unknown when the original budget was adopted."
Council members had asked questions at the first reading; after brief additional discussion the council moved, seconded and approved the ordinance on a voice vote. The transcript records the vote as passing unanimously; a roll-call tally was not recorded in the transcript.
The ordinance authorizes the city to recognize grant receipts (including American Rescue Plan funds referenced by staff), prior-year carryforwards, hurricane insurance or disaster proceeds previously spent, and recorded transactions such as the purchase of Fire Station 4 land and the partial sale of the animal shelter property. Council thanked finance staff for their work, and the ordinance will be reflected in the city's audit and financial records.
