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Olivette council adopts $20.6 million FY2025 budget, approves 10-year CIP and encumbrances
Summary
On June 25, 2024 the Olivette City Council adopted its FY2025 budget (Bill 3,028) after a public hearing, approved a 10-year Capital Improvement Plan (Resolution 2024-251) and carried over $851,060 in FY2024 encumbrances. Finance staff said the plan leaves the city with a modest $57,000 shortfall and relies on transfers, grants and new community-center revenue.
Olivette’s City Council on June 25 approved the city’s FY2025 budget on second reading, adopting Bill 3,028 as presented and turning it into ordinance 2798 after a unanimous roll call vote by members present.
Finance Director Mr. Mann told the council the budget package totals roughly $20.6 million and reflects a small projected deficit of about $57,000 for the year. He said revenues remain volatile because sales tax collections have softened while new and one-time sources—most notably revenue from the recently opened 5 Oaks community center and higher investment earnings—are helping offset declines.
"We are in a slight…
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