ITEM TITLE:
#25-65 - Amending the 2025 City Budget by Reallocating $171,100 in Previously Appropriated Funds
SUBMITTED BY: Jordan Nelson, Finance Director
FISCAL NOTES:
Expenditure Required: $171,100
Unencumbered Balance: $171,100
Funding Source: Previously Appropriated Personnel Funds
RECOMMENDATION:
Approve Resolution 25-65.
SUMMARY STATEMENT:
This resolution re-allocates $171,100 in previously authorized funds in general ledger personnel accounts.
The 2025 Budget, created in fall of 2024, reflects staff’s best estimates of full-employment personnel costs in the coming year. This resolution is an attempt to reconcile budgeted personnel costs with the actual expenditures in 2025. This process informs staff of needed future budgeting changes, which will be implemented going forward.