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File #: 2024-299   
Type: Ordinance Status: Agenda Ready
File created: 10/21/2024 In control: City Council
On agenda: 11/21/2024 Final action:
Title: Consider an ordinance adopting Amendment No. 2 to the FY 2023-2024 Operating Budget. (Second Reading)
Attachments: 1. Ordinance, 2. Exhibit A

Title

Consider an ordinance adopting Amendment No. 2 to the FY 2023-2024 Operating Budget. (Second Reading)

Body

Self-Funded -Insurance Fund

Self-Funded insurance claims costs exceeded budget without an offsetting revenue increase but with sufficient Unreserved Fund Balance to absorb the excess costs. The expense budget amendment is $402,000 for policy compliance. 

 

Golf Fund

The Forest Creek Golf Club exceeded budgeted revenues based on a policy change to charge for golf cart use. Costs increased for operations and for the creation of a nursery green.  This amendment appropriates an additional $256,000 of revenues and the expense budget by $256,000 for policy compliance.

 

Staff recommends approval of this ordinance.