HomeMy WebLinkAboutResolution No. R24-15k #; ; F# -c" #REL'S FISCAL
Y&IR 2023-2024 BUDGET.
WHEREAS, the City of Laurel (hereinafter "the City") adopted all funds revenues and.
appropriations for Fiscal Year 20231-2024 on September 5, 2023;
WHEREAS, it is necessary to amend certain budgets as required by Mont. Code Ann.
§ 7-6-4006(3) and (4);
WHEREAS, the increase in appropriations and revenues are due to unbudgeted
amounts that will be offset by a decrease in reserves;
WHEREAS, on February 27, 2024, City Council approved amendments to
appropriations and revenues for the City of Laurel's Fiscal Year 2023-2024,
WHEREAS, this approval inadvertently occurred without a Public Hearing on this
matter;
WHEREAS, the City therefore intends to hold a Public Hearing on this matter on March
12, 2024; and
WHEREAS, after Public Hearing, City Council approves the previously -approved
amendments to appropriations and revenues for the City of Laurel's Fiscal Year 2023-24, as
reflected in Resolution No. R24-12.
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 previous Resolution No. R24-12 is affirmed, and
the above amendments are retroactive to June 30, 2023.
Introduced at a regular meeting of the City Council on the 12th day of March 2024, .by
Council Member Mackay.
PASSED and APPROVED by the City Council of the City of Laurel the 12`h day of
March 2024.
APPROVED by the Mayor the 12`' day of March 2024.
R24-15 Affirm Resolution Approving Budget Amendments
ATTEST:
/XW V'1ir, Clerk -Treasurer
APPROVED AS TO FORM:
Michele L. Braukmann, Civil City Attorney
R24-15 Affirm Resolution Approving Budget Amendments
CITY OF LAUREL
Dave Waggoner, May�or
If
, 10RIOR11#0 &IIA014AIRZIN
YEAR 2023-2024 BUDGET.
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. § 7-64006(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 271h day of February 2024
by Council Member Mize.
PASSED and APPROVED by the City Council of the City of Laurel the 271' day of
February 2024.
APPROVED by the Mayor the 27th day of February 2024.
R24-12 Approve Budget Amendments
CITY OF LAUREL
.......ice..
W19MIN
1 --Treasurer
APPROVED AS TO FORM:
Michele L. Braukmann, Civil City Attorney
R24-12 Approve Budget Amendments
MI.=
Original Appropriation$ 13�6600.
Amended Appropriation 18135.
L-- 6
Increase in Appropriation: $ 31535. #
pianning a- A 11ne
of this contract was considerably higher than the cost of a staff position. ThePlanning
Department was granted a grant reimbursement for zoning regulations this year to offset
these additional appropriations.
Fund 2250 — Planning Revenues
Original Budgeted Revenues $ 118135.00
Amended Budgeted Revenues $ 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 $ 450000.00
Amended Appropriation $ 650000.00
Increase in Appropriation: $ 200000.00
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.
$ 279598.00
$ 615521.00
$ 335923.00
Original Revenue $ 13132.00
Amended Revenue 1 14072.00
Increase in Revenue $ 940.00
reserves.
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 — TIFD
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
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.
Original Revenue $ 4883.00
Amended Revenue $ 610M
Increase in Revenue $ 1222.00
V
TMe PUENTE Wor
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 out
of the budget due to grant completion.
Original Revenue $ 15000.00
Amended Revenue $ 113000.00
Increase in Revenue: $ 1098000.00
This is a budget correction for phase two of the .RPA 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.
Original Revenue $ 5100.00
Amended Revenue $ a.030.00
Increase in Revenue: $ 2930.00
J -7A N ; N -V
unexpected revenue.