HomeMy WebLinkAbout09-09-19 City Commission Packet Materials - A5. Res 5069, Amending City's Annual Budget Based on Levy Information
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Kristin Donald, Finance Director
SUBJECT: Commission Resolution No. 5069 – Amending the City’s Annual Budget
to Include Items to be funded in the General Fund with fund revenues,
unanticipated revenue of previously unbudgeted revenue.
MEETING DATE: September 9, 2019
AGENDA ITEM: Action
RECOMMENDATION: Take public comment and offer any amendments the Commission
deems appropriate and/or adopt Resolution 5069 Amending the FY20 General Fund budget.
BACKGROUND: This Resolution is linked to the outcome and passage of Resolution No. 5068-
Setting Mill Levies for Fiscal Year 2019-2020 (FY20). If the Commission adopts a property tax
levy that results in additional revenue, this resolution can appropriate that money to specific
projects.
In the memo to Resolution 5068, the recommendation for additional funding is as follows:
• Bogert Pavilion repair, the Commission appropriated $200,000 in the adopted budget for
repairs. On July 15, 2019, the Commission reviewed the repair options for Bogert Pavilion.
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The option preferred the Option 3, which is estimated to be $650,000. We have a shortfall
of approximately $450,000 for completion of the project, with insurance reimbursement
still pending.
• $14 hour wage– We have made progress towards the $14 hour minimum wage and market
there is a need for additional dollars of $15,000 to reach our goals throughout our
organization.
This hearing has been advertised so the Commission may make any change to operating and capital
budgets
FISCAL EFFECTS: This resolution will amend the current budget.
ALTERNATIVES: None at this time.
Attachment: Commission Resolution No. 5069
Report compiled on August 29, 2019
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RESOLUTION NO. 5069
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN,
MONTANA, AMENDING THE CITY’S ANNUAL BUDGET TO INCLUDE ITEMS TO
BE FUNDED WITH GENERAL FUND REVENUES UNANTICIPATED REVENUES OR
PREVIOUSLY UNBUDGETED REVENUE FOR THE FISCAL YEAR ENDING JUNE 30,
2020.
WHEREAS, the City Commission did, on the 24th day of June, 2019, after due and
proper legal notice, conduct a public hearing and adopt a municipal budget for Fiscal Year 2019-
2020 (Fiscal Year 2020); and
WHEREAS, the City Commission did, on the 9th day of September, 2019, after due and
proper legal notice, conduct a public hearing on proposed amending the municipal budget.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of
Bozeman, Montana, to wit:
Section 1 – Appropriation Additions
The City Commission of the City of Bozeman, Montana, does hereby authorize
additional expenditures in the General Fund:
Total Additional Appropriations
Section 2 – Use of General Fund Cash on Hand
The increased appropriation will be funded with cash on hand in the General Fund that
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exceeds our required minimum reserve level.
Section 3
Pursuant to Section 7-6-4030, M.C.A., this resolution, upon its passage, shall be in full
force and effect on July 1, 2019.
Section 4
That should it be found by any court of competent jurisdiction that any section, clause,
portion, sentence, word, or phrase of this resolution is deemed to be contrary to any existing law
or regulations, that in this instance, it is the intent of the City Commission of the City of Bozeman,
Montana, that all other portions, sections, words, clauses, phrases, or paragraphs of this document
shall remain in full force and effect.
PASSED, ADOPTED, AND APPROVED by the City Commission of the City of
Bozeman, Montana, at a regular session thereof held on the 9th day of September, 2019.
___________________________________ CYNTHIA L. ANDRUS Mayor
ATTEST:
___________________________________
ROBIN CROUGH
City Clerk
APPROVED AS TO FORM:
___________________________________
GREG SULLIVAN
City Attorney
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