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File #: PH-22-028    Version: 1 Name: Budget Amendment
Type: Ordinance/Public Hearing Status: Passed
File created: 3/28/2022 In control: City Council
On agenda: 4/26/2022 Final action: 4/26/2022
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.
Sponsors: Finance Department
Indexes: Budget Amendments
Attachments: 1. Ordinance, 2. Presentation
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: April 19, 2022

TO: Kent Cagle, City Manager

FROM: Jonathan Locke, Executive Director of Finance

SUBJECT: Budget Amendment

BACKGROUND AND FINDINGS:

This budget amendment addresses operational accounts in multiple funds, appropriates Public Facility Corporation (PFC) funds, provides funding for additional police interceptors, appropriates remaining funds in the old Water & Sewer bond, addresses multiple grant allocations, and recognizes funds to be received for multiple fire deployments.

Non-grant Budget Amendments -
There are eight (8) different items addressed in this budget amendment:

1. Fuel has substantially increased in the past few months causing shortages in fuel accounts. The budget was built using $2.41 per gallon for unleaded and $2.45 per gallon for diesel. Based on the current U.S. Energy Information Administration's outlook, we are estimating an average of $3.73 per gallon for unleaded and $3.91 per gallon for diesel through the end of the fiscal year. This will result in an increase of $549,558 to the major operating funds for fuel accounts.

2. Fuel increases have also impacted the cost of gas and propane utilities. This coupled with multiple days with below freezing temperatures create the need to increase departmental budgets for those facilities using gas and propane utilities. This will result in an increase of $34,175 to multiple operating funds for citywide gas/propane utility accounts.

3. At closing, the NRP Group paid an $82,000 parkland fee for Conder Park and a $350,000 structuring fee to the Public Facility Corporation. On January 11, 2022, City Council provided a motion of direction to appropriate the $82,000 parkland fee to Conder Park and transfer $82,000 of American Rescue Plan Act (ARPA) funds to Downtown Events. The Public Fac...

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