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Council trims and trues up FY 2024–25 budget with $460,000 amendment
Summary
Finance staff presented Resolution R13‑2025 to amend the town's FY 2024–25 budget, increasing appropriations by about $460,000 to reflect year‑to‑date revenues and expenditures; the council approved the resolution 5‑0.
Finance staff presented Resolution R13‑2025 to correct and close out the town's fiscal year 2024–25 accounts. Staff explained the biannual practice of midyear and year‑end amendments and said the proposed changes (detailed in Exhibit A) reflect unplanned or changed revenue and expenditure items that emerged since the original budget adoption.
The presenter stated the resolution "increases the overall budget by a little over 460,000 to reflect the revenues and expenditures tied to our actual year to date activity" and recommended approval. There was no public comment and the council approved the budget amendment by voice vote 5‑0. Staff said the impact across funds is minimal and that many individual adjustments stem from previously discussed council actions or earlier approvals.
