Summary
To: Town Commission
From: Stefan Massol, Director of Support Services
Date: 12/4/2018
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Subject:
Title
Resolution 2018-49 Amending FY 2018-19 Budget
Summary:
This is the first budget amendment request for FY 2018-19.
End
Body
Background/Problem Discussion: Town staff has identified year-end savings in several department, due in part to projects that had been budgeted but not completed prior to year-end. In addition to savings, revenues were also higher than budgeted. Staff is requesting that a portion of those savings be used to fund costs that have been deferred from the prior fiscal year, as well as some additional one-time facility maintenance costs due to emergency air quality and vector control concerns.
Financial Implications: The proposed budget amendment items are as follows:
1) $24,000 for remediation of air quality concerns offset from reserves;
2) $10,000 for improved budgeting platform offset from Capital Equipment reserves;
3) $157,000 for the new generator offset 75% by FEMA revenues, remainder from Capital Equipment Reserves;
4) $20,000 for town matching grant for radio purchases offset by Capital Equipment reserves.
Recommendation: Approval of Resolution 2018-49, Amending FY 2018-19 Budget.
Proposed Motion: I move approval of Resolution 2018-49, Amending FY 2018-19 Budget.