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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 budget deficit, $57,000," Mr. Mann said during the public hearing, adding that transfers and grant activity (including ARPA funds and partnerships with agencies such as Great Rivers Greenway and MoDOT) provide flexibility to manage near-term shortfalls.
Major capital items in the adopted plan include budgeting for a new ambulance (expected 18–24 months for delivery), replacement power-load systems, three patrol vehicles, and public-works projects such as the Olive/North Price alignment, which the budget lists with a MoDOT cost-share of $835,000 and local match and property-acquisition components.
Council also adopted the city’s 10-year Capital Improvement Plan (Resolution 2024-251) and approved encumbrance requests to carry $851,060 of FY2024 commitments into FY2025 (broken down at the council’s request as $41,099 in the general fund, $753,961 in the capital improvement fund and $56,000 in the stormwater/parks fund).
Councilmember Clark moved to approve Bill 3,028; the motion was seconded and passed on a roll call vote in which Councilmember Clark, Councilmember Carl, Chairman Pro Tem Knox and Mayor Waldman voted yes. The council later moved, seconded and unanimously approved the CIP resolution and the encumbrance requests.
Mr. Mann and council members emphasized the city’s reserve policy and multi-year capital planning as reasons the modest deficit is manageable, while noting revenue assumptions remain conservative. The adopted budget keeps personnel levels broadly unchanged and continues planned capital purchases while reserving flexibility to adjust if sales tax revenues continue to decline.
The ordinance and resolution take immediate effect as council proceedings require; staff indicated next steps include tracking transfers and grant timelines and proceeding with planned procurements for the ambulance and planned street and public-works acquisitions.
