PRESENTER: Presenter
Karrie Cook, Budget Manager
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SUBJECT: Title
Approval of a FY 2025 Budget Amendment in the General Fund - Transportation & Capital Improvements Department.
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DEPARTMENT: Transportation & Capital Improvements
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COUNCIL DISTRICTS IMPACTED: N/A
BACKGROUND INFORMATION:
The FY 2024 Transportation & Capital Improvements (TCI) Department Operating budget contained $528,000 for Licensed Professional Services. At the conclusion of FY 2024, the payments within this line item only totaled approximately $213,000, as multiple obligations/payments are now actually anticipated to be paid within FY 2025. To support those payments that have now shifted into FY 2025, a budget amendment is recommended.
This budget amendment will increase the TCI operating budget for professional serivces to align to the projected costs for FY 2025.
ISSUE:
N/A
STRATEGIC PLAN REFERENCE:
☐Economic Mobility ☐Enhanced Connectivity ☐Community Identity
☐Organizational Excellence ☐Community Well-Being ☒N/A
FISCAL IMPACT:
This budget amendment will increase the total FY 2025 General Fund expenditure budget by $200,000. However, this funding was originally budgeted in FY 2024 and was unspent, which created savings that allowed the capacity for this budget amendment.
Recommendation
RECOMMENDATION:
Staff recommends approval of this amendment.