Summary:
The attached schedules list the FY2025 3rd Quarter Budget Amendments and the 3rd Quarter Chargebacks, which under current Council and/or administrative policy require Council approval. These amendments have been reviewed by the Finance and Budget Department and are submitted to Council for approval. The following listing describes the budget amendments by category.
FY2025 3rd Quarter Budget Amendments Summary:
Carryover Operating – The amendments in this category are for FY2024 approved items or services not received or completed by June 30, 2024. The Carryover – Operating adjustments total $2,278.
Carryover - Capital – The amendments in this category are for FY2024 approved items or services not received or completed by June 30, 2024. The Carryover – Capital adjustments total
$1,644,486.
Grants and Outside Sources: The amendments in this category represent a donation to the Peoria Police Department not previously taken to Council. The Grants and Outside Sources adjustments total $2,400.
FY2025 3rd Quarter Chargebacks:
Chargebacks and Arts: The items in this category represent an administrative mechanism for charging capital projects for project management and procurement services provided by city staff, as well as the one percent (1%) charge for public art. Each quarter, budget authority is moved to individual capital projects to be charged. The Chargebacks and Arts adjustments total $984,055.