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: January 30, 2024
TO: Kent Cagle, City Manager
FROM: Miranda Drake, Assistant Director of Finance
SUBJECT: Budget Amendment
BACKGROUND AND FINDINGS:
This budget amendment addresses the following twelve (12) items:
1. Carry Forward of Encumbered Funds: In accordance with the City Charter (Article VII, Section 71), appropriations lapse at the fiscal year's end unless expended or lawfully encumbered. Contracts and commitments initiated in the current fiscal year extending into the next require fund carry-forward. Due to outstanding projects and services from FY 2023, not concluded by September 30, 2023, it's necessary to carry forward FY 2023 appropriations to the FY 2024 Budget for identified purchase orders (POs) to complete these projects and services.
2. Revenue Allocation Correction: Allocate offsetting revenue linked to previously budgeted American Rescue Plan Act (ARPA) expenses from the budget amendment presented to City Council on November 28, 2023. The inclusion of these revenues was inadvertently omitted in the previous budget amendment.
3. Capital Improvement Program ARPA Allocation: Allocate available ARPA revenue and expense budgets in accordance with City Council's directive on October 3, 2023. These entries, associated with Capital Improvement Program (CIP) projects, were intentionally withheld, anticipating the CIP rollover, and were not incorporated into the budget amendment presented to City Council on November 28, 2023.
4. Carry Forward of Funds for Main Library Bathroom Installation: Allocate additional funds for the in-house bathroom installation at the Main Library due to project delays. Although funds were initially appropriated in FY 2023, the project could not be completed by year-end.
5. Carry Forward of Funds for Animal Services Crematorium: Allo...
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