COUNCIL AGENDA ITEM
SUBJECT:
title
Resolution 2025-R-03; March Amended Budget for Fiscal Year 2024-2025
body
DEPARTMENT:
Finance
SUMMARY:
The Interim City Manager and staff have performed a review of various matters that have occurred after the approval of the original and roll-forward budget amendment. The budget is amended at fund level as found in the exhibit A. An additional detail schedule was attached to the agenda to assist in providing further clarification of budget amendment items.
The total budget amendment is for $17,655,298 of which almost $8,399,349 is for transfers to capital projects and internal service funds for a total increase in expenditures of approximately $9,255,949.
The Interim City Manager and Human Resources Director met with the Police and Fire unions for the additional meeting discussed during prior negotiations. Due to HR identifying budgetary savings for open positions and insurance cost savings, there was an agreed upon wage increase of 2% for police, fire. The budget amendment includes a 2% increase for all employees with the exception of the Interim City Manager. The related MOUs and agenda items are included in the other business that will be discussed later on the agenda.
The associated cost increases are detailed as follows: PD $50,277, FD $46,655, All other general fund $57,489, W&S $41,409, Solid Waste $11,393, Stormwater $9,010, IT $3,312 Fleet $2,892
The other items brought forward in the budget amendment include:
* The additional cost for an election in the amount of $16,350
* The public safety overtime budget is projected to need an additional $825k by the end of the current fiscal year. $537k for Police which should be offset by mutual aid in the amount of $191k and an additional $288k for Fire.
* The City received an additional $50,348 in transport revenue from the County that the Fire Department intends to use to purchase bunker gear for its recently hired employees as approved at the Feb. 3rd council me...
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