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Council approves FY2025 midyear budget amendments, taps opioid-settlement funds for eligible costs
Summary
The council approved midyear adjustments that lower projected general-fund revenues by $52,500 (including a $454,000 revision to building-permit fee expectations) while increasing projected investment income and authorizing use of opioid-settlement proceeds for eligible expenses, producing a net improvement in projected year-end position.
Holland City Council on Dec. 18 approved midyear amendments to the FY2025 budget. Finance staff reported a modest net change: revenues were adjusted downward by $52,500 overall with the largest reductions tied to a $454,000 downward revision in building-permit fees (timing of large projects), a $75,300 reduction in state revenue-sharing projections, and a $67,200 reduction in the initial personal property tax payment. Offsetting the revenue declines, the city increased investment-income estimates by $380,000 due to higher yields and recognized that previously accumulated opioid-settlement proceeds can fund eligible costs (for example, WEMET and CIT officer wages), reducing the need for general-fund contingency transfers.
On the expenditure side, staff identified mostly small adjustments and released contingency set aside for benefit-renewal and wage-study items, resulting in an overall expenditure decrease of $181,900 and a net improvement of roughly $129,000 to projected revenues over expenditures.
Council member Freeman moved to approve the amendments; Rowan seconded and the motion carried on a roll-call vote. Staff said the adjustments are intended to keep FY2025 aligned with current receipts and to inform FY2026 planning.
