Title
HOLD a public hearing and consider an ordinance amending the FY 2022 Annual Budget of the City of Killeen to adjust revenue and expenditure accounts in multiple funds.
Summary
DATE: January 18, 2022
TO: Kent Cagle, City Manager
FROM: Jonathan Locke, Executive Director of Finance
SUBJECT: Budget Amendment
BACKGROUND AND FINDINGS:
The budget amendment predominantly addresses four major initiatives that include carrying forward funds from FY 2021 to FY 2022 for contracts and commitments that were not completed in FY 2021; amending operational funds; appropriating funds for specific programs and grants; and capital improvement projects.
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 that are not completed until the following 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 ended September 30, 2021. In order to complete contracted projects and/or services, FY 2021 appropriations need to be carried forward to the FY 2022 Annual Budget.
Operational Funds -
There are two operational fund items addressed in this budget amendment:
1. A Recreation Manager position was reclassified to a Community Engagement Coordinator position. The position was moved from Recreation Services to the City Manager's Office for oversight of community engagement. This budget amendment moves the funding for the position.
2. In Aviation, a rate reconciliation study for $45,000 was approved as a decision package during the FY 2022 Budget. However, the funds were inadvertently left out of the budget. This budget amendment appropriates the approved item.
Programs and Grants-
There are four programs ...
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