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Council approves roughly $16.8M in year-end budget amendments including fire apparatus, capital transfers
Summary
The council approved 16 year-end amendments to the FY24-25 budget covering purchases and adjustments such as a new fire pumper, transfers to capital projects, golf and parks revenue adjustments, GASB lease accounting entry, and corrections to self-insurance estimates.
The St. George City Council unanimously approved 16 year-end amendments to the FY24-25 budget during the June 10 meeting. Budget staff described the package as year-end adjustments based on quarter-four analysis.
Assistant City Manager Robert Myers outlined several notable amendments: a fire department request to purchase a stock fire engine (presented total cost $1,370,000 with staff requesting $1,376,046 to include related equipment); Parks and Community Services requests funded by higher participation included a $90,000 amendment for race events and a $45,000 amendment for youth and adult programs; arts-festival-related revenue and expenses led to a $40,000 amendment; the golf division requested $139,000 to cover merchandise-for-resale inventories and $383,430 to cover additional operations and capital needs tied to higher play levels.
Staff also proposed a transfer from the general fund to the general capital projects fund in the amount of $5,752,570 based on strong revenue performance and vacancy savings. A noncash accounting entry required under GASB lease accounting was estimated at about $1,000,000 (staff described this as an accounting recognition with no cash impact). Other amendments included airport capital project match corrections and a $3,000,000 recognition of city-hall project expenditures that occurred earlier than anticipated.
On employee healthcare, staff requested $2,820,000 to cover higher-than-anticipated medical claims in FY25; part of that would be offset by stop-loss insurance and additional contributions, with an anticipated drawdown from fund balance to cover the rest.
After a brief public hearing with one resident asking where to find the detailed packet online, councilmember Danielle Larkin moved to approve the amendments as presented; the motion carried unanimously.
Documentation: Staff indicated the full detail and backup for each amendment is available in the meeting packet on the city's website.
