HomeMy WebLinkAboutA001 - Council Action Form dated May 13, 2025ITEM #:19
DATE:05-13-25
DEPT:FIN
SUBJECT:FINAL AMENDMENT TO FY 2024/25 BUDGET
COUNCIL ACTION FORM
BACKGROUND:
The deadline to adopt a final amendment to the FY 2024/25 budget is May 31. The final amendment
process allows the City to modify the annual budget one final time before the end of the fiscal year.
Typically, adjustments made through final amendments include: new grants/funding sources,
modifications to CIP schedules or costs, material programmatic changes, and other significant changes
in revenues/expenses.
A public hearing must be held prior to adoption of the final amendment. Staff is proposing that the City
Council hold the public hearing for the final amendments for FY 2024/25 during the regularly
scheduled City Council meeting on May 27, 2025.
ALTERNATIVES:
1. Adopt a resolution establishing May 27, 2025, as the date of the public hearing on the final
amendments to the FY 2024/25 Budget.
2. Delay the hearing and resolution.
CITY MANAGER'S RECOMMENDED ACTION:
A public hearing is required by State law in order to proceed with the final amendment to the FY
2024/25 City budget. Therefore, it is the recommendation of the City Manager that the City Council
approve Alternative No. 1, as described above.
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