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Gunnison staff outline midyear budget, propose nearly $900,000 amendment and public hearing
Summary
City staff told the council a midyear review shows higher-than-expected sales-tax receipts but also large one-time outlays; they proposed amending the budget (about $900,000) and said state law requires a public hearing before the change takes effect.
Unidentified Speaker 3 presented a midyear financial report and recommended amending the general fund to reflect changed revenues and major one-time expenses. "We have a $90,000 transfer from the water department into the general fund," the presenter said, and later added the city issued "$1,166,000 that we handed off to the Ward family for their water rights," noting USDA has indicated the city will likely be reimbursed but that reimbursement is not guaranteed.
The presenter summarized revenue sources: sales and use taxes make up a large portion of projected tax receipts (described in the presentation as over 60 percent), property tax revenue is about $250,000 (roughly 18 percent of total revenues), and several revenue streams are restricted for transportation and other designated purposes. The report showed current budgeted general revenues of approximately $3,140,000 and projected revenues nearer $4,100,000 once amendments and reserve uses are included.
Because the proposed changes would increase use of fund balance and carryovers, Unidentified Speaker 3 told the council the city must "have a public hearing and notify the public according to state law whenever we amend the budget" before adopting the amendment. No formal motion or vote was recorded during the presentation; council members asked clarifying questions about reserve balances and anticipated reimbursements.
Other revenue and expense notes in the report included: a $5,000 donation earmarked for lower- and moderate-income housing permit fees at a multifamily project near Pusha West; an additional $22,000 from the Fourth of July committee; and restricted county transportation funds that must be used for roads and trail-related projects. On the expenditure side, staff identified trail construction and other capital work as major drivers of the needed amendment.
The council was asked to schedule the statutorily required public hearing and make the amendment available for public review; staff said they would provide more detailed reserve-account breakdowns to the council before that hearing.
