ITEM TITLE:
#24-64 - Adopting the 2025 Budget for the City of Valdez and Appropriating Monies for that Budget
SUBMITTED BY: Jordan Nelson, Finance Director
FISCAL NOTES:
Expenditure Required: $71,636,862.05
Unencumbered Balance: $71,636,862.05
Funding Source: $71,636,862.05
RECOMMENDATION:
Approve
SUMMARY STATEMENT:
This resolution formally adopts the 2025 Budget.
The 2025 budget integrates the operating budget and capital budget into a single process by appropriating expected revenue and reallocating previously appropriated funds. The 2025 capital budget is $5,966,945.89 and does not require additional appropriations from unrestricted unassigned funds.