Summary
To: Town Commission
From: Gay Lancaster
Date: 7/15/2025
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Subject:
Title
Resolution 2025-19 FY 24-25 Budget Amendment (#2)
Summary:
This budget amendment is submitted to the Town Commission for approval to amend revenues based on current year actual figures and to adjust appropriations across departments and accounts to align with current year’s actuals.
End
Body
Previous Commission Action: None
Background/Problem Discussion: Revenues were adjusted for all funds to reflect current year’s actual amounts. Appropriations are amended as follows:
The General Fund appropriations have been adjusted to include allocations by department, as well as additional expenses related to Hurricanes Helene and Milton. This also covers engineering costs associated to the Indian Rocks Road Project, the Carl & Shirley Project, the Bluff Restoration, and other necessary day-to-day operational costs for all departments.
Equipment Replacement appropriations have been adjusted for the purchase of leased vehicles and for the new ERP software and implementation.
Capital Projects Fund appropriations were adjusted to include allocations by department and for costs associated with repairs to the Recreation Building.
Water Fund and Solid Waste Funds appropriations were adjusted to reflect the purchase of leased vehicles and other necessary day-to-day operational costs for the Water and Solid Waste departments.
Expenditure Challenges None
Financial Implications: The budget amendments have an impact on the projected ending fund balances for each fund
Recommendation: Approval of Resolution 2025-19 amending the FY 2024-2025 Annual Budget
Proposed Motion I move approval of Resolution 2025-19 amending the FY 2024-2025 Annual Budget