Regular 3.
Regular City Council Meeting
- Meeting Date:
- 01/28/2019
- TITLE
- Public Hearing and Resolution for FY19 Budget Amendments
- PRESENTED BY:
- Andy Zoeller
- Department:
- City Hall Administration
Presentation:
No
PROBLEM/ISSUE STATEMENT
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 2019:
The City Council approved the new Teamster Contract at teh 11/13/18 regular City Council meeting. The Finance Department is requesting the budget authority be increased for the funds listed in the attached 'Exhibit A'. The additional expenditures will be paid for through existing fund balance and current year revenues.
The City Council approved the new Teamster Contract at teh 11/13/18 regular City Council meeting. The Finance Department is requesting the budget authority be increased for the funds listed in the attached 'Exhibit A'. The additional expenditures will be paid for through existing fund balance and current year revenues.
ALTERNATIVES ANALYZED
The Council will conduct a public hearing and may:
- Approve the requested budget amendments; or
- Not approve the requested budget amendments, which would put the City in violation of Montana law.
FINANCIAL IMPACT
The requested budget amendments will be funded by reserves or new revenues, as described in the budget resolution exhibit and above.
RECOMMENDATION
Staff recommends that the City Council conduct a public hearing and approve the resolution approving and adopting the budget amendments for Fiscal Year 2019.