Title
HOLD a public hearing and consider an ordinance amending the FY 2023 Annual Budget of the City of Killeen to adjust revenue and expenditure accounts in multiple funds.
Summary
DATE: September 19, 2023
TO: Kent Cagle, City Manager
FROM: Miranda Drake, Assistant Director of Finance
SUBJECT: Budget Amendment
BACKGROUND AND FINDINGS:
The Year End Budget Amendment serves to align budgets with projected revenues and expenditures. The City Charter authorizes the City Manager to approve budget amendments between accounts of the same department and fund. The City Council must approve budget amendments between accounts of different departments and to increase the overall budget of a fund.
The amendment focuses on sixteen non-grant initiatives and appropriates funds as follows:
1. Accounting for revenue received from reimbursable Texas Task Force 1 deployments and offsetting Fire Department overtime expenses.
2. Addressing insurance proceeds for claims across different General Fund departments, including claims for traffic control equipment and a fire claim from the Chamber of Commerce.
3. Appropriating revenue across multiple funds from reimbursable FEMA events (Winter Storm & COVID) and appropriating the General Fund's portion to address the Fire Department's budget shortfall caused by separation pay expenditures.
4. Recognizing the acquisition of newly leased assets in the General Fund, including a SendPro P Series Meter Mail Machine and a Canon Digital Copier at the Finance Department, Canon Digital Copiers at Human Resources, and Code Enforcement, Turf Equipment at Parks & Recreation, and a SendPro Mail Machine at the Police Department.
5. Facilitating the transfer of three assets (mowers) from the General Fund to the Solid Waste Fund.
6. Transferring funds within the Water & Sewer Fund to account for the additional costs incurred from water purchases from Bell County Water Control Improvement District (WCID) #1.
7. Recognizing the acquisition of a...
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