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HomeMy WebLinkAbout2025-4570 - Ordinance - 01/23/2025ORDINANCE NO. 2025-4570 AN ORDINANCE AMENDING ORDINANCE NO. 2024-4539 AS BUDGET AMENDMENT NUMBER 1 AMENDING THE BUDGET FOR THE 2024-2025 FISCAL YEAR AND AUTHORIZING AMENDED EXPENDITURES AS THEREIN PROVIDED. WHEREAS, on August 22, 2024, the City Council of the City of College Station, Texas, adopted Ordinance No. 2024-4539 approving its Budget for the 2024-2025 Fiscal Year: and WHEREAS, this amendment was prepared and presented to the City Council and a public hearing held thereon as prescribed by law and the College Station City Charter, after notice of said hearing having been first duly given; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS: PART 1: That Ordinance No. 2024-4539 is hereby amended by amending the 2024-2025 Budget adopted by a net amount of $14,718,759 as further detailed in Exhibit A. PART 2: That this Budget Amendment Number 1 shall be attached to and made a part of the 2024-2025 Budget. PART 3: That except as amended hereby, Ordinance No, 2024-4539 shall remain in effect in accordance with its terms. PART 4: That this ordinance shall become effective immediately after passage and approval. PASSED and APPROVED this 23rd day of January, 2025. ATTEST: City Secretary M APPROVED: �fMYAla City Attorney APP VE�D: 4� � a or EXHIBIT A — FY24 BUDGET AMENDMENT #1 DETAIL LISTING 1. Encumbrance Roll — Various Funds - $7,637,854 (Budget Amendment). This item covers expenditures encumbered but not completed or expensed in FY24. Those goods and services were budgeted in FY24 but will not be received until FY25. This amendment increases the FY25 budget appropriation in each applicable fund for the eligible items. Vehicles and equipment represent $6,228,467 (82%) of the encumbrance roll, with supplies and professional services in progress representing the remaining balance. The Encumbrance Roll Summary (attached) gives a brief description and totals by fund, by department. 2. Fire Department preorder of 2 Pumpers, 1 Grass, and 1 Aerial trucks — $6,042,905 (Budget Amendment) and $6,042,905 (Interfund Transfer). Advanced purchase of four Fire Department vehicles. These vehicles are included on this Budget Amendment due to the long lead time to order and receive the required vehicles. The scheduled replacements are covered by funds set aside in the Fleet Replacement Fund. A total interfund transfer from Fleet Replacement to the other funds totals $6,042,905. 3. Prior Years ix SLAs — General Fund and HOT Fund - $548,000 (Budget Amendment). This item covers approved FY24 1 x SLAs not encumbered and not expended in FY24. Departments expect to receive these goods and services in FY25. This item increases the FY25 budget appropriation in each applicable fund for the eligible items. 4. Regional Pumping Impact Analysis — Water Fund - $240,000 (Budget Amendment). This item will increase the budget in the Water Operating fund to pay for a Regional Pumping Impact Analysis. This Analysis is related to various groundwater issues in the Brazos Valley. The Water Fund has sufficient revenues to cover this one-time cost. 5. Sale of Land Proceeds to the Streets Capital Fund — $4,245,416 (Interfund Transfer). This item will add an interfund transfer from the General Fund to the Streets Capital Improvement Projects (CIP) fund. The transfer will move the College Station business park sale of land proceeds to the Streets CIP fund for future capital improvements. The proceeds included in this transfer are from the Caprock Development and Fera Diagnostics sales. This interfund transfer will not increase the net FY25 expense budget. 6. Plug and Play Funding Agreement -- General Fund — $250,000 (Budget Amendment). This item is to increase the budget in the Economic Development General Fund operating budget to cover the Funding Agreement dated October 9th, 2024. This payment is part of a three-year agreement of $750,000. These funds will be taken from the unassigned fund balance in the General Fund.