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Raytown board approves budget reallocations to cover transportation and stormwater shortfalls
Summary
The Raytown Board of Aldermen approved a resolution to amend the FY24–25 budget, reallocating funds to cover a roughly $1.8 million transportation sales tax shortfall and approximately $1.6 million in stormwater adjustments; Finance Director Michael Graham outlined the accounting and ARPA-funded project tracking behind the changes.
Raytown’s Board of Aldermen on July 1 approved a resolution to amend the fiscal year 2024–25 budget to address deficits in the Transportation Sales Tax and Stormwater funds.
Finance Director Michael Graham told the board the Transportation Sales Tax Fund shows a roughly $1.8 million shortfall driven in part by an item that was set up as a rollover in November but actually paid in FY24 (about $1,254,000), plus additional costs tied to the Raytown Road project (about $231,000). Graham said reallocating $353,000 from a $1 million street-improvement budget, along with the other adjustments, will balance the transportation fund.
On stormwater, Graham said the fund is approximately $1.6 million underfunded. He proposed temporarily borrowing $817,000 from the General Fund to cover design costs incurred ahead of anticipated GO bond proceeds; those design costs will be reimbursed to the General Fund once bond proceeds are available. Graham also detailed ARPA-covered items (50 Ninth Street contingency, 50 Third Street utility relocation, emergency repairs and MS4 implementation) and said ARPA funds are sufficient to cover the projects listed, though not all shown amounts may ultimately be spent.
Graham framed the resolution as a bookkeeping and timing fix to align expenses with the correct fiscal years and funding sources, and he previewed a quarterly project worksheet and upcoming ARPA tracking pages to increase transparency on project spending through the ARPA deadline of 12/31/2026.
Board members asked clarifying questions during the presentation. Alderman Walters thanked Graham for the presentation; no dissent was raised during the final roll call and the resolution carried on a unanimous vote.
The board’s vote authorizes the city to move the identified amounts between funds and to reflect ARPA usages in the stormwater fund where appropriate. Implementation will be reflected in amended budget documents and the finance department’s periodic updates to the board.
