FY 20 Budget Amendment No. 2

1. FY 2020
Budget Amendment #2
Public Hearing
July 23, 2020

2. Budget Amendment Process
• Publish Notice of Public Hearing
• Notice was published in the Eagle on July 13th
• Hold Public Hearing
• That is the action we are taking today
• Council Consideration & Approval:
• Ordinance Amending Budget
• Interfund Transfer

3. FY20 Proposed Budget Amendment #2
Proposed Item Proposed
Amount
General Fund $ (1,552,960)
Hotel Tax Fund $ (4,412,586)
Roadway Maintenance Fee Fund $ 475,000
Parkland Dedication Funds $ -
Cemetery Funds $ 150,000
Parks CIP Fund $ (150,000)
TOTAL $ (5,490,546)

4. Summary and
Council Action
• The revised budget would be
$341,917,573
• There is one interfund transfer
for consideration
Required Actions
• Hold the Public Hearing
• Consideration & Approval of
Ordinance
Budget Amount
Approved Budget $ 341,163,652
Budget Amendment #1 $ 6,244,467
Budget Amendment #2 $ (5,490,546)
Revised Budget $ 341,917,573