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Riverton council approves year‑end budget amendment with modest net increase
Summary
The Riverton City Council on June 30 approved Resolution 1558, a year‑end amendment that reconciles FY25‑26 expenditures and revenues and adds $54,513.46 in targeted increases while otherwise resolving overruns through interfund transfers.
The Riverton City Council unanimously approved a year‑end amendment to the fiscal 2025–26 budget during a special meeting on June 30.
Administrative Services Director Harris told the council the amendment reconciles actual expenditures with the adopted budget and, except for two small items, does not increase the city’s overall authorized spending. Harris said staff recommended transfers from unspent capital outlay to cover cost‑center overruns, including $192,000 moved from capital outlay to cover several general‑fund overruns (notably $180,000 toward prisoner housing). Harris also reported enterprise fund transfers to cover modest health‑insurance and capital activity overruns and a $20,000 internal transfer in the sanitation capital fund to address a fleet capital overrun.
The amendment does add $53,513.46 to the economic development special revenue fund to record residual remittances from the Wyoming Department of Revenue and a $1,000 increase to the Riverton Rendezvous Fund to cover an unbudgeted balloon repair, bringing the city’s total budget from $38,027,231 to $38,081,007.44, Harris said. He told the council that most deficits will be resolved through internal transfers and that the changes prepare city records for audit.
Council members asked for clarifications on why some enterprise transfers exceeded the exact overrun amounts; Harris explained that June bank reconciliations and anticipated bank service charges required slightly larger transfers to ensure adequate fund balances.
After brief discussion and compliments for the finance team’s work, the council approved Resolution 1558 by voice vote. Mayor Tim Hancock declared a quorum at the start of the meeting; the approval motion for Resolution 1558 was made and seconded and carried without a recorded roll‑call tally on the floor.
The council did not adopt any policy changes as part of the amendment; it limited action to accounting transfers and adjustments to reflect final fiscal activity ahead of the annual audit.
