HomeMy WebLinkAboutR-2024-090 Amending the Fiscal Year 2024-2025 Annual Budget for the City of Riverside, Missouri RESOLUTION NO. R—2024-090
A RESOLUTION AMENDING THE FISCAL YEAR 2024-2025 ANNUAL BUDGET FOR THE
CITY OF RIVERSIDE, MISSOURI.
WHEREAS, the Board of Aldermen adopted a fiscal year budget that begins on July 1,
2024 and ends on June 30, 2025; and
WHEREAS, expenditures in the General Fund for the Elected Officials, Police Operations,
and Police Communications / Dispatch departments will be higher in total by $279,382.00; and
WHEREAS, expenditures beyond those anticipated in the Inmate Security Fund for the
purchase of eligible equipment will be incurred; and
WHEREAS, the Finance Director, in consultation with city staff, the City Administrator, and
the Mayor and Board of Aldermen, have prepared a proposed amendment for Fiscal Year 2024-
2025 and submitted it to the Board of Aldermen, in accordance with Chapter 67 of the Missouri
Revised Statutes; and
WHEREAS, the Board of Aldermen has studied, examined, and discussed the proposed
budget in public meetings and amended the proposed budget with such revisions, alterations,
increases or decreases as the Board deems advisable; and
WHEREAS, the total expenditures from the various funds in the proposed budget, as
amended by the Board of Aldermen, do not exceed the estimated revenues to be received plus
any unencumbered balances, as required by Chapter 67 of the Missouri Revised Statutes; and
WHEREAS, the Board of Aldermen find it is in the best interest of the citizens of the City
of Riverside to amend the Fiscal Year 2024-2025 Budget attached hereto and made a part hereof
by reference;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN FOR THE
CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS:
THAT the Annual Budget for the Fiscal Year 2024-2025 is hereby approved and amended
authorizing and appropriating expenditures and transfers in the amount of $55,564,567 as set
forth in Exhibit A attached hereto and incorporated herein.
FURTHER THAT said budget includes the following information:
a. A budget message, describing the important features of the budget and major changes
from the preceding year;
b. Estimated revenues to be received from all sources for the budget year, with a
comparative statement of actual or estimated revenues for the two years next
preceding, itemized by year, fund, and source;
RESOLUTION NO. R —2024-090
c. Proposed expenditures for each department, office, commission, and other
classification for the budget year, together with a comparative statement of actual or
estimated expenditures for the two years next preceding, itemized by year, fund,
activity, and object;
c. The amount required for the payment of interest, amortization, and redemption
charges on the debt of the political subdivision; and
e. A general budget summary.
PASSED AND ADOPTED by the Board of Aldermen of the City of Riverside, Missouri the
2' day of July 2024.
Mayo athleen L. Rose
A T:
•
Robin Kincaid, City Clerk
EXHIBIT A
FY 2024-25 Budget Amendment 1
FY 2025 FY 2025
Description Adopted Change Amended
Budget Budget
General Fund -Total Departmental Budgets
Elected Officials $ 89,949 $ 5,485 $ 95,434
Police Operations $ 4,002,215 $ 202,950 $ 4,205,165
Police Dispatch/Communications $ 1,138,840 $ 60,947 $ 1,199,787
Inmate Security Fund - ISF Expenditures- 55-221-000-31700
$ 5,000 $ 10,000 $ 15,000
Total Change $ 279,382
Original Adopted Budget $ 55,285,185
Total City Budget After Amendment 1 $55,564,567