This document summarizes a public hearing on September 26, 2019 to consider Budget Amendment #3 for fiscal year 2019. The amendment includes $325,000 in additional funding for various departments and funds, including $40,000 for fleet maintenance, $25,000 for PEG fund, and $185,000 for employee medical claims. It also includes a $125,000 interfund transfer to correct allocation of TIRZ18 funds from debt service to capital improvement projects. If approved, the revised FY19 budget total would be $376,562,258.

1. PublicHearing
Considerationof
BudgetAmendment#3
September 26, 2019

2. Budget Amendment Process
• Publish Notice of Public Hearing
• Notice was published in the Eagle on September 19th
• Hold Public Hearing
• That is the action we are taking today
• Council Consideration & Approval:
• Ordinance Amending Budget
• InterfundTransfer

3. FY19 Budget Amendment #3
Budget Amendment Detail List
1 Fleet Maintenance Fund $ 40,000
2 PEG Fund $ 25,000
3 Employee Benefits Medical / Pharmacy Claims $ 185,000
4 Credit Card Processing Costs $ 75,000
Budget AmendmentTotal $ 325,000

4. FY19 Budget Amendment #3 Continued..
InterfundTransfer
1
TIRZ18 funds correction from Debt Service to General
Government CIP (Net Zero Budget Impact)
$ 125,000
InterfundTransferTotal $ 125,000

5. Summary and Council Action
$ 360,130,551
• Budget Amendment #1 $ 13,872,957
• Budget Amendment #2 $ 2,233,750
• Budget Amendment #3 $ 325,000
• FY19 Revised Budget: $ 376,562,258
$ 125,000