Council sets Dec. 9 public hearing for $47.6M 2025 budget amendment
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Summary
Finance Director presented a proposed $47.6 million amendment to seven funds — wastewater, water, street improvements, TIF, E‑911, tourism and amphitheater — and council set a public hearing for Dec. 9 to consider the amended 2025 budget.
City Finance Director (speaker 1) told the council the proposed amended 2025 budget covers major capital projects and program costs across seven funds and totals roughly $47.6 million. The amendment reflects encumbrance accounting required by auditors and KMAG guidance, causing project expenditures for wastewater, water and street-improvement funds to be recognized in 2025. The director also said the TIF fund will be budgeted as a distinct fund rather than run through general debt-service for clearer tracking.
Other changes include increased budget authority in the E‑911 fund for CAD/RMS software, and adjustments to the tourism and amphitheater funds to reflect higher-than-expected costs. The director recommended setting a public hearing and council moved to set Dec. 9, 2025, as the public hearing date for the proposed 2025 amended budget; the motion carried 6-0.
No final adoption occurred at the meeting; the public hearing will provide an opportunity for public comment and final council action.