This document summarizes Budget Amendment #1 which proposes revisions to the Fiscal Year 2019 budget. It includes $13,872,957 in additional expenditures across various city funds and departments for items such as a new fire truck, park and playground construction, water and wastewater projects, and funds carried over from unfinished projects in FY18. It also lists $795,117 in interfund transfers to support these expenditures. The City Council is holding a public hearing to consider approving this budget amendment and revising the FY19 budget to $374,003,508 total.

1. PublicHearing
Considerationof
BudgetAmendment#1
February 25, 2019

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

3. FY19 Budget Amendment #1
Budget Amendment Detail List
1 Encumbrance Roll $7,995,063
• Vehicles – including a LadderTruck for the
fire department for $1,172,746 $1,895,471
• Dartmouth Extension EDA $ 250,000
• VPAC construction $4,220,590
• Fun for All Playground construction $ 958,547
• Other expenditures approved in FY18, not
received until FY19 $ 670,455
2 Electric CIP –Transmission Poles & OPGW $ 770,817
3 Wastewater CIP – East Side FM158 Sewer Line $ 927,000
4 Water CIP - Lincoln Ave Rehab $ 18,900
5 Library expenses $ 57,177
Continued

4. FY19 Budget Amendment #1 Continued..
InterfundTransfer
1. ElectricO&M to ElectricCIP forTransmission Poles & OPGW $ 770,817
2. General Fund O&M (PDS) to Parks CIP $ 20,000
3. Property & Casualty to General Fund O&M (Fire) $ 4,300
InterfundTransferTotal $795,117
Budget Amendment Detail List Continued
6 Water CIP - Veterans Park Reclaimed Systems Improvements $ 67,000
7 Water Event #1 – City Hall $ 350,000
8 LCWWTP Construction Phase $ 3,687,000
Budget AmendmentTotal $13,872,957

5. Summary and Council Action
$ 360,130,551
• Budget Amendment #1 $ 13,872,957
• FY19 Revised Budget: $ 374,003,508
$ 795,117