Summary:
The attached schedules list the FY2025 4th Quarter Budget Amendments and the 4th 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 4th Quarter Budget Amendments Summary:
Operating – The amendments in this category represents additional budget authority granted for solar repair costs exceeding original budget authority. The Operating adjustment totals $56,335.
Grants and Outside Sources: The amendments in this category represent grant awards awarded to Police and Human Resources not previously taken to Council. The Grants and Outside Sources adjustments total $20,476.
Clean-up: The amendments in this category represent returning excess budget authority from the IT projects fund to contingency for the Enterprise Resource Planning (ERP) Project. The Clean-up adjustments total ($632,000).
FY2025 4th 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 $1,171,742.