Montana Code allows local governments to amend their fiscal year budgets by using the same method as used for the original budget adoption: public notice, public hearing and Council adopting a resolution.  The following amendments are proposed for FY 2016:

Fund 0100 - General Fund Parks
Transfer from the interest earned in the Cemetery Perpetual Care Fund to the General Fund. The transferred interest revenue will be approximately $3,000.

Fund 7010, 7030 - Cemetery Perpetual Care Fund
Transfer to the General Fund the interest revenue earned in the Cemetery Perpetual Care Fund. This amount was underbudgeted by $3,000.

Fund 8720 - Park Maintenance District Fund
This amendment is an increase to the Park Maintenance District Fund budget by $45,000 to cover the water bills for the month of June. This year, the lack of rain caused greater water usage at the parks than what was originally budgeted. Park Maintenance District Fund has cash available to cover the request.

 

The Council may: Approve the requested budget amendments; or not approve the requested budget amendments, which would put the City in violation of Montana law.

The requested budget amendments will be funded by reserves, as described in the budget resolution exhibit and above.

Staff recommends that the City Council conduct a public hearing and approve the resolution approving and adopting the budget amendments for Fiscal Year 2016.