Title
HOLD a public hearing and consider an ordinance amending the FY 2023 Annual Budget of the City of Killeen to adjust revenue and expenditure accounts in multiple funds.
Summary
DATE: January 17, 2023
TO: Kent Cagle, City Manager
FROM: Miranda Drake, Assistant Director of Finance
SUBJECT: Budget Amendment
BACKGROUND AND FINDINGS:
The budget amendment predominantly addresses three major initiatives that include carrying forward funds from FY 2022 to FY 2023 for contracts and commitments that were not completed in FY 2022; appropriating funds for specific grants; and amending operational funds.
Carry Forward -
City Charter (Article VII, Section 71) states that all appropriations shall lapse at the end of the fiscal year to the extent that they shall not have been expended or lawfully encumbered. During the course of a fiscal year, there are contracts and commitments that are entered into by the City that being in the current fiscal year and are completed in the next fiscal year.
A number of outstanding contracts and commitments for projects and/or services were not completed nor received by the City prior to the close of the fiscal year ending September 30, 2022. In order to complete contracted projects and/or services, FY 2022 appropriations need to be carried forward to the FY 2023 Annual Budget.
FY 2022 Carry Forwards
Expenditure Budget
General Fund
$925,858
Special Revenue Funds
392,168
Internal Service Funds
159,707
Water & Sewer Fund
30,400
Aviation Fund
4,150
TOTAL
$1,512,283
Grant Budget Amendments -
There are six (6) different grant items addressed in this budget amendment:
1. In FY 2022, the City Council appropriated the Coronavirus State and Local Fiscal Recovery Funds (ARPA) of $29,117,907 to fund items to include restoring positions for the Killeen Civic and Conference Center (KCCC), deferred maintenance for KCCC, Grants to the Arts, Public Safety Premium Pay, Boys and Girls Club, Business Assistance, Downtown Events, Mental Hea...
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