HomeMy WebLinkAboutResolution No. R24-12ZEN
174WRIE041YAWYZIN11111110 M,
WHEREAS, the City of Laurel (hereinafter "the City") adopted all funds revenues and
appropriations for Fiscal Year 2023-2024 on September 5, 2023;
WHEREAS, it is necessary to amend certain budgets as required by Mont. Code Ann.
§ 7-6-4006(3) and (4); and
WHEREAS, the increase in appropriations and revenues are due to unbudgeted
amounts that will be offset by a decrease in reserves.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Laurel,
Montana, that the City Council hereby directs the Clerk -Treasurer to amend the budget as
reflected on the attached Exhibit "A" in order to comply with Mont. Code Ann. § 7-6-4006(3)
and (4); and
BE IT FURTHER RESOLVED that the above amendments are retroactive to June 30,
2023.
Introduced at a regular meeting of the City Council on the 27`}' day of February 2024
by Council Member Mize.
PASSED and APPROVED by the City Council of the City of Laurel the 27`x' day of
February 2024.
APPROVED by the Mayor the 27`x' day of February 2024.
R24-12 Approve Budget Amendments
CITY OF LAUREL
Dave Waggoner, M
St
fer, Jerk -Treasurer
APPROVED AS TO FORM:
Michele L. Braukmann, Civil City Attorney
R24-12 Approve Budget Amendments
Fund 2250 — Planning Appropriations
Original Appropriation $ 136600.00
Amended Appropriation $ 168135.00
Increase in Appropriation: $ 31535.00
The City had to contract with KLJ to help with the planning duties and demands. The cost
of this contract was considerably higher than the cost of a staff position. The Planning
Department was granted a grant reimbursement for zoning regulations this year to offset
these additional appropriations.
Fund 2250 — Planning Revenues
Original Budgeted Revenues
Amended Budgeted Revenues
$ 118135.00
$ 168135.00
Increase in Revenues: $ 50000.00
The Planning Department received a grant reimbursement for zoning regulations this year.
Fund 2821 — HB 473 — Gas Tax
Original Appropriation
Amended Appropriation
Increase in Appropriation:
Increase appropriations due to new gas tax laws.
Fund 2821- HB 473- Gas Tax
Original Budgeted Revenues
Amended Budgeted Revenues
Increase in Revenues:
Unanticipated Revenue due to new gas tax laws.
$ 450000.00
$ 650000.00
$ 200000.00
$ 279598.00
$ 615521.00
$ 335923.00
Fund 3508 — SID #118 — S Washington Ave Sidewalks
Original Revenue $ 13132.00
Amended Revenue $ 14072.00
Increase in Revenue $ 940.00
s inputting i, r �..: i* r r ffino effect on cagil
Fund 2850 — 911 Emergency
Original Revenue $ 57504.00
Amended Revenue $ 68055.00
Increase in Revenue: $ 10551.00
Error in budget book. The wrong revenue amount was entered. This will not affect cash
reserves.
Fund 2310 — TIM
Original Appropriation $ 2564901.00
Amended Appropriation $ 3423839.00
Increase to Appropriation: $ 858938.00
There was a miscalculation in the budget book on the number of mills we receive from
county for this fund. We were able to increase appropriation due to increased mills
Fund 2310 — TIFD
Original Revenue $ 1013800.00
Amended Revenue $ 1364738.00
Increase in Revenue $ 350937.00
There was a miscalculation in the budget book on the number of mills we receive from
county for this fund.
Fund 2880 — Library Grant
Original Revenue $ 4883.00
Amended Revenue $ 6105.00
Increase in Revenue $ 1222.00
The library received more revenue this year than expected. Increase revenue for
unexpected increase.
Fund 2992 — ARPA
Original Appropriation $ 1759302.00
Amended Appropriation $ 2857302.00
Increase in Appropriation: $ 1098000.00
This is a budget correction for phase two of the ARPA allocated monies. This was left ou)
of the budget due to grant completion.
Fund 2992 — APRA
Original Revenue $ 15000.00
Amended Revenue $ 113000.00
Increase in Revenue: $ 1098000.00
This is a budget correction for phase two of the AR -PA allocated monies. This was left out
of budget due to grant completion.
Fund 7030 — Library Federation
Original Appropriation $ 4467.00
Amended Appropriation $ 7397.00
Increase in Appropriation: $ 2930.00
Unanticipated Revenue from the state Library. Increase appropriation to offset the
unexpected revenue.
Fund 7030 — Library Federation
Original Revenue $ 5100.00
Amended Revenue $ 8030.00
Increase in Revenue: $ 2930.00
Unanticipated Revenue from the State Library. Increase appropriation to offset the
unexpected revenue.