Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Council adopts FY2025 budget true-up, moves $1 million to capital projects
Summary
The Nibley City Council approved Resolution 2616 on final reading to carry forward about $1 million in general-fund surplus into capital projects, add $40,000 for increased waste-management contract costs, allocate $20,000 to close a building payoff shortfall, and use $200,000 of impact fees for 1200 West improvements.
The Nibley City Council approved a series of year-end budget adjustments on June 25 to reconcile fiscal-year 2025 accounts and move unspent funds into capital projects.
Justin, the city manager, told the council this is the usual year-end “true-up.” The adjustments included adding $40,000 to cover higher-than-expected waste-management contract costs tied to more residential cans, moving roughly $1 million of general-fund surplus into the capital-projects fund for long-term projects (including sidewalks and parks), adding about $20,000 to cover a small payoff shortfall on the municipal building, and shifting $200,000 of impact fees to cover certain 1200 West improvements.
Nathan moved for approval of Resolution 2616, Garrett seconded, and the council approved the resolution on final reading with a roll-call vote recorded as five in favor, none opposed.
Justin explained council retains discretion to reprioritize capital projects in the next fiscal-year budget process if the council directs it; the $1 million was placed in capital in order to close the current fiscal year’s accounts and make funds available for projects.
What happens next: The council adopted the technical adjustments as final; staff said the council could later direct reallocation of capital funds through the budget process and will report further details during upcoming meetings as projects are prioritized.
