Title
Annual Appropriation Ordinance No. 24-104 Adopting the Annual Budget and Appropriating Funds for the Several Purposes Named in Said Budget for the Year Ending December 31, 2025
Presenter:
Charae McDaniel, Chief Financial Officer
Body
Summary:
The attached Ordinance adopts the budgets and appropriates all funds and reflects proposed administrative and City Council changes as line items.
At the 2025 Budget Markup Session on October 29, 2024, City Council discussed changes to the 2025 budget released on October 7, 2024.
The proposed changes to the 2025 Budget are listed in attachments as follows:
• General Fund - Attachment A
• City Funded CIP Fund - Attachment B
• Trails, Opens Space and Parks Fund - Attachment C
• Conservation Trust Fund - Attachment D
• Stormwater Fund - Attachment E
• Claims Reserve Fund - Attachment F
• Workers’ Compensation Fund - Attachment G
• Carryout Bag Fee Fund - Attachment H
Background:
The Mayor transmitted the 2025 Budget to City Council on October 7, 2024, and the 2025 Budget was reviewed and discussed by City Council in a Budget Work Session on October 24, 2024 and a Budget Markup session on October 29, 2024. Public input was received by City Council at a formal public hearing held on October 21, 2024.
Previous Council Action:
During the Budget Markup Session on October 29, 2024, City Council approved the presented administrative changes to the 2025 Budget for the General Fund, City Funded CIP Fund, Trails, Opens Space and Parks Fund, Conservation Trust Fund, Stormwater Fund, Claims Reserve Fund, Workers’ Compensation Fund and Carryout Bag Fee Fund. City Council made an additional change to the General Fund budget to increase the FTE count by 0.25 for the Westside Community Center in Parks, Recreation and Cultural Services. The change is presented in Attachment A.
Financial Implications:
The City’s 2025 Budget, inclusive of all funds, totals $941,160,166 which is an increase of $39.7 million or 4.4% as compared to the original 2024 Budget.
The 2025 General Fund Budget totals $438,349,533. This represents an increase of $10.1 million, or 2.4%, as compared to the original 2024 Budget
City Council Appointed Board/Commission/Committee Recommendation:
N/A
Stakeholder Process:
The City Council Budget Committee met on October 11, 2024 to review the 2025 budget. Public input was received by City Council at a formal public hearing held on October 21, 2024. In addition, City Council held a Budget Work Session on October 24, 2024, and a Budget Markup session on October 29, 2024.
Alternatives:
City Council may modify the proposed Ordinance.
Recommended Action
Proposed Motion:
Move approval of the annual appropriation ordinance adopting the annual budget and appropriating funds for the several purposes named in said budget for the year ending December 31, 2025
Summary of Ordinance Language
The Annual Appropriation Ordinance Adopting the Annual Budget and Appropriating Funds for the Several Purposes Named in Said Budget for the Year Ending December 31, 2025