Title
HOLD a public hearing and consider an ordinance amending the FY 2024 Annual Budget of the City of Killeen to increase revenue and expense accounts in multiple funds.
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DATE: September 17, 2024
TO: Kent Cagle, City Manager
FROM: Judith Tangalin, Executive Director of Finance
SUBJECT: Budget Amendment
BACKGROUND AND FINDINGS:
This budget amendment addresses the following 23 items:
* Insurance Claims:
o Allocating funds to the claims and damages accounts to cover insurance claims for freeze related repairs to the Family Aquatics Center, Long Branch Swimming Pool, and traffic signals damaged by vehicles.
* Tax Appraisal District Increase:
o The City of Killeen's allocation increase for the Tax Appraisal District is attributed to the increase in the school district homestead exemption in the special legislative session last summer. This changed the levy of the school districts therefore changing the allocation of all the taxing entities.
* Wildland Fire Overtime:
o Allocate revenue generated from Wildland Fire Deployments to offset reimbursable overtime costs incurred during fire deployments.
* Short Term Rental:
o Allocating revenue and expense budgets for Short Term Rental registrations and inspections to the General Fund.
* American Rescue Plan Act (ARPA) Program Change:
o Per the City Council Motion of Direction on June 11, 2024, transfer ARPA funds to the Central Texas Workforce Commission Program from the Youth Hiring Program.
* Mixed Beverage Sales:
o Allocate additional funding related to higher-than-expected mixed beverage sales and the offsetting expense.
* Watercrest Road:
o Allocate fund balance from the Street Maintenance Fund to the Watercrest Road Reconstruction project in accordance with CCMR 24-133R and CCMR 24-134R. The total preliminary project cost is $11,242,338, with $7,391,648 funded from the 2022 CO Bond and $668,537 from the Drainage CIP Fund.
* Golf Course:
o Appropriate a portion of the FY 2023 fund balance from the ...
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