Staff recommends City Council hold a public hearing and approve a resolution adopting the FY2025 budget amendments.

On 8/20/25, the City Council Budget and Finance committee will meet and discuss the following budget amendments. 

Fund 6050 - Central Services
A budget amendment is required to cover the Print Management System implementation. The initial budget amendment request did not reflect the change in operating costs associated with the reallocation of all printer expenses flowing through the Central Services Fund.  Future revenue will cover this expense, with each fund billed monthly according to its print volume.
Central Services			8,396	Operations & Maintenance
Fund 6300 - Property and Liability Insurance
A budget amendment is necessary to increase property insurance funding in response to elevated claim payouts made by MMIA, with each claim subject to a $50,000 per occurrence deductible. As these are based on occurrences, the previous estimate for the initial budget amendment was lower than the actual payout. This will be funded from reserves.
Property and Liability Insurance			15,682	Operations & Maintenance

City Council may:
Approve; or,
Not Approve.

If not approved, some funds may be over budget in FY25, and the City would not be compliant with State law (Title 7, Chapter 6, Part 40)

The impacts of these expenses will vary by fund. However, there is sufficient revenue and cash on hand to cover these expenses.