SUBJECT:
Title
Public Hearing: A Resolution of the Board of Commissioners of the Town of Erie Urban Renewal Authority Providing for Supplemental Appropriations for the 2025 Budget Year
Department
DEPARTMENT: Finance
PRESENTER(S): Lockie Woods, URA and Development Accounting Analyst
TIME ESTIMATE: 15 minutes
end
For time estimate: please put 0 for Consent items.
POLICY ISSUES:
The policy issue is whether to approve the resolution providing for supplemental appropriations for the 2025 budget year.
Recommendation
STAFF RECOMMENDATION:
Staff recommends the Board of Commissioners approve the resolution providing for a supplemental appropriation for the 2025 budget year.
BACKGROUND OF SUBJECT MATTER:
The Town of Erie Urban Renewal Authority (“TOEURA”) adopted the 2025 Budget on Nov. 12, 2024. Generally, staff review the adopted budget and request supplemental appropriations throughout the year to update the budget to reflect actual revenues and expenditures, year-to-date Board of Commissioner actions, and projected revenues and expenditures for the remainder of the fiscal year.
attachments
ATTACHMENT(S):
1. Resolution 25-040
2. 2025 URA 2nd Supplemental Budget Memo