AGENDA REPORT
DATE: November 12, 2024
TO: City Commission
FROM: Bill McDaniel, City Manager
SUBJECT: Budget Amendment for Fiscal Year 2024-25
EXECUTIVE SUMMARY:
At the end of every fiscal year, finance reviews the available balances in special revenue funds to carry forward for use in the following year. This budget adjustment appropriates the available balances for the following funds in specific expenditure line items:
• Law Enforcement Trust Fund - $4,633
• Federal Equitable Share Fund - $63,275
• Ticket Surcharge Fund - $4,184
• Tree Fund - $395,626
• Library Donations Fund - $50,425
RECOMMENDATION:
That the City Commission adopt a resolution to approve an amendment to the budget for the year ending September 30, 2025.
FISCAL IMPACT:
Based on approval, a budget adjustment will be posted with line-item detail as shown on the attached resolution.
Prepared by: Diane Reichard, Chief Financial Officer