Title
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.
Body
DATE: January 21, 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 items:
* Carry forward of encumbered funds:
o Per City Charter (Article VII, Section 71), appropriations lapse at fiscal year-end unless spent or encumbered. To complete FY 2024 projects and services extending past September 30, 2024, FY 2024 appropriations must be carried forward into the FY 2025 Budget for the associated purchase orders.
* Carry forward funds for delayed projects from the prior year:
o Allocate funds for the Animal Services crematorium purchase. Initially budgeted in FY 2023, delays from studies and quote challenges extended planning into FY 2024, with the purchase still in progress in FY 2025.
o Allocate funds for the purchase of fitness equipment for Rosa Hereford Community Center in conjunction with CCMR 24-201R which identified funding as being carried forward from FY 2024.
* Carry forward and reallocate grant-related items:
o Carry forward unspent FY 2024 non-CIP ARPA revenue and expense.
* Includes transfer of completed ARPA projects in General and HOT Funds to Emergency Operations Center/Fire Operations project in CIP Fund.
o Carry over unutilized FY 2021 and FY 2022 appropriations for the JAG Grant.
o Carry over unutilized FY 2022, FY 2023, and FY 2024 appropriations for the PETCO Grant.
o Appropriate reconciled CDBG and HOME Grant budgets with the Treasury to carry forward and correct current activity budgets.
* Carry forward PFC and Opioid Settlement unspent funds.
THE ALTERNATIVES CONSIDERED:
Option 1 - Do not approve the ordinance amending the FY 2025 Annual Budget.
Option 2 - Approve the ordinance amending the FY 2025 Annual Budget....
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