The FY2025 Proposed Budget is attached for your review. Since the August council meeting, the following changes have been made to the FY2025 Proposed Budget:
1. Fund 100 (Revenue)
- Property tax adjusted for valuations received from the tax assessor and sales tax adjusted based on FY2024 projections
2. Fund100 - Administration (110)
- updated salary and benefits for the new city manager contract
4. Fund 100 - Human Resources (130)
- Adjusted the Real & Personal Property line item to account for items added to the exposure list
5. Fund 100 - IT (300)
- updated salary and benefits for the GIS Technician to 10 months of the fiscal year
- added $12,000 for AC Monitoring Services by Hunt
- added $5,000 for Tyler Technologies for the Paymentus implementation
6. Fund 100 - Development Services (420)
- Reclassed the new Grants & Planning Coordinator position from the Administration budget to the Development Services budget
7. Fund 500 - Real & Personal Property
- Adjusted for items added to the exposure list
A $218,145 surplus remains in the General Fund after the $350,000 transfer out to Fund 300 for the Branding Implementation and City-Wide Beacon Flashing Light Project. The $1,300,000 transfer out to Fund 300 for the Eastside Tributary project is from the excess fund balance.