SUBJECT:
Title
PUBLIC HEARING: A Resolution of the Town Council of the Town of Erie Providing for Supplemental Appropriations for the 2025 Budget Year
Department
DEPARTMENT: Finance
Presenter
PRESENTER(S): Sara Hancock, Director of Finance
Cassie Bethune, Budget & Fiscal Manager
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Time
TIME ESTIMATE: 30 minutes
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For time estimate: please put 0 for Consent items.
Fiscal
FISCAL SUMMARY:
N/A
Policy
POLICY ISSUES:
Supplemental appropriations are required to be reviewed and approved by Council. These appropriations are needed to accommodate various revenues and expense changes that have occurred throughout the year and for cleanup.
Recommendation
STAFF RECOMMENDATION:
Staff recommend the Town Council approve the resolution providing for supplemental appropriations for the 2025 budget year.
Body
SUMMARY/KEY POINTS
• This supplemental appropriation provides funding to reflect actual revenues and expenditures of the prior and current year, year-to-date Town Council actions, and projected revenues and expenditures for the remaining fiscal year.
• Across all funds, this supplemental will increase revenue by $2.617 million.
• Across all funds, this supplemental will increase appropriation for expenses by $4.292 million.
BACKGROUND OF SUBJECT MATTER:
The Town of Erie Town Council adopted the 2025 Budget on Nov. 12, 2024. Generally, staff reviews the adopted budget and requests supplemental appropriations throughout the year to update the budget to reflect actual revenues and expenditures, year-to-date Town Council actions, and projected revenues and expenditures for the remainder of the fiscal year.
priorities
attachments
ATTACHMENT(S):
1. Resolution 25-212
2. Schedule A
3. 2025 End of Year Supplemental Budget Memo
4. Presentation
5. Request Summary
6. Request Detail
7. 2025 End of Year Supplemental Capital List