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Hold a public hearing and consider an ordinance amending the Fiscal Year 2025 Annual Budget of the City of Killeen to increase revenue and expense accounts in multiple funds.
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DATE: April 15, 2025
TO: Kent Cagle, City Manager
FROM: Judith Tangalin, Executive Director of Finance
SUBJECT: Fiscal Year 2025 Budget Amendment
BACKGROUND AND FINDINGS:
Per the City's Financial Governance Policies, Section V. Budget Administration (B)(1), City Council may amend or change the budget by ordinance. Additionally, Article V, Section 56 of the City Charter requires a public hearing before finalizing any budget amendments that add or increase appropriations.
This mid-year budget amendment ensures compliance with these requirements and addresses necessary adjustments based on changes that have occurred since the beginning of the fiscal year, including operational funding needs, capital projects, grants, and policy-driven transfers.
This budget amendment addresses the following 15 items:
Excess Fund Balance Transfers
Transfer excess General Fund balance above 22% to Capital Improvement Funds per Financial Governance Policy.
Fire Station 4 Personnel Funding
Adjust transfer allocation by reducing the amount to the Governmental CIP Fund to fund new personnel in the General Fund.
Axon Software Transfer
Transfer funds from the General Fund and Governmental CIP Fund to the IT Internal Service Fund for the Police Department's Axon software payment pursuant to the subscription agreement.
Elderly Transportation Program Reallocation
Move budget within General Fund from Non-Departmental to Community Development for better program oversight.
Homeland Security Community Preparedness Grant
Appropriate Fire Department grant revenue and corresponding expenditures.
Catalytic Converter Grant (RS-25-002 / RS-25-032)
Appropriate Police Department grant revenue and corresponding expenditures.
2024 JAG Grant Adjustment
Appropriate the remaining grant budget to reflect t...
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