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Home My WebLink AboutR-2025-144 Amending 2025-2026 BudgetRESOLUTION NO. R-2025-144 A RESOLUTION AMENDING THE FISCAL YEAR 2025-2026 ANNUAL BUDGET FOR THE CITY OF RIVERSIDE, MISSOURI. WHEREAS, the Board of Aldermen adopted a fiscal year budget that begins on July 1, 2025 and ends on June 30, 2026; and WHEREAS, expenditures beyond those anticipated in the Public Safety Sales Tax Fund for equipment expenditures will incurred; and WHEREAS, expenditures beyond those anticipated in the Community Development Fund for land acquisitions will incurred; and WHEREAS, expenditures beyond those anticipated in the Capital Equipment Fund for equipment expenditures will incurred; and WHEREAS, expenditures beyond those anticipated in the General Fund for travel, ambulance services, IT services / software, and public works cleanup will incurred; and WHEREAS, increased transfers from the General Fund to the Community Development Fund and the Capital Equipment Fund 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 2025- 2026 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 2025-2026 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 2025-2026 is hereby approved and amended authorizing and appropriating expenditures and transfers in the amount of $84,922,493 as set forth in Exhibits 1 and 2 attached hereto and incorporated herein. FURTHER THAT said budget includes the following information: RESOLUTION NO. R-2025-144 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; 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 2nd day of September, 2025. /s/ Kathleen L. Rose Mayor Kathleen L. Rose ATTEST: /s/ Sarah Wagner Sarah Wagner, Deputy City Clerk FY 2026 Budget Amendment #1 Cost Center | Account Number | Description | FY 2026 Adopted Budget * | Expense Change | Transfers (In)/Out | FY 2026 Amended Budget *(Total for the account number) Public Safety Sales Tax Fund Police - Equipment 31-221-000-65000 Taser Cartridges $35,000 $9,000 - $44,000 Police - Fleet Replacement 31-221-000-60000 Change lease to purchase (2 vehicles) $84,000 $108,000 - $192,000 Police - Leased Vehicles Multiple Change lease to purchase (2 vehicles) $94,300 $(54,000) - $40,300 Fire - Equipment 31-226-000-65000 Boat Engine $100,000 $8,000 - $108,000 Community Development Fund Land Acquisitions 22-067-000-53000 Land Purchases $1,000,000 $1,975,000 - $2,975,000 Transfers From General Fund 22-000-40999 $(800,000) - $(1,975,000) $(2,775,000) CIP Fund Vivion Road Trail Project 21-072-000-55500 Vivion Road Trail $300,000 $500,000 - $800,000 Transfers From General Fund 21-000-40999 $(16,260,000) - $(500,000) $(16,760,000) Capital Equipment Fund PW - Equipment Replacement 30-331-000-65000 International HV507 Cab & Chassis $489,000 $135,000 - $624,000 Transfers From General Fund 30-000-40999 $(300,000) - $(135,000) $(435,000) General Fund Admin -Travel 10-112-000-36000 LiveNation Site Visits $16,000 $5,000 - $21,000 Fire - Ambulance Services 10-226-000-44800 Change in provider $114,700 $409,000 - $523,700 Police Ops - IT Professional Services 10-221-000-40500 Convergint Security Analysis $15,000 $12,000 - $27,000 Police Ops - IT Software 10-221-000-40700 Convergint Annual Software - 2 Yrs. $128,000 $40,000 - $168,000 PW - Clean Up Campaign 10-331-000-26400 Increased Cleanup Activities $5,000 $4,000 - $9,000 Transfers to Community Development 10-999-000-99800 $800,000 - $1,975,000 $2,775,000 Transfers to CIP Fund 10-999-000-99800 $16,260,000 - $500,000 $16,760,000 Transfers to Capital Equipment Fund 10-999-000-99800 $300,000 - $135,000 $435,000 Total Expense Change $3,151,000 Total Transfers Out $2,610,000 Total Budget Change $5,761,000 Green - FY25 Carryover Fiscal Year 2026 Operating and Capital Budget Capital Improvement Fund | General Fund | Community Development Fund | Capital Equipment Fund | TIF Service Fund | Public Safety Sales Tax Fund | Tourism Tax Fund | FPAL Fund | Horizons Special Infra. Fund | Other Funds | Total All Funds 6/30/25 Balance (Est) $35,768,833 $765,074 $156,388 $377,835 $655,998 $1,484,525 $790,026 $121,357 $ - $ 93,066 $40,213,101 Revenues Permits & Licenses $187,900 - - - - - - - - - $187,900 Fees, Fines & Forfeitures $194,000 - - - - - - - - - $194,000 Taxes $4,592,500 - - - - $1,000,000 $180,000 - - - $5,772,500 Investment Income $950,000 - - - $170,000 - - - - - $1,120,000 Misc. Revenue $216,665 - - - - - - - - - $216,665 Assigned Income $100,000 $8,127,872 $182,000 - $7,050,000 - - $50,150 $8,453,970 $85,500 $24,049,492 Missouri Gaming $5,550,000 - - - - - - - - - $5,550,000 Real Estate Income $4,200,000 - - - - - - - - - $4,200,000 Soccer Lease / Ch. 100 $723,189 - - - - - - - - - $723,189 Sale of Land Proceeds $1,500,090 - - - - - - - - - $1,500,000 Sale of Assets / Equipment $30,000 $10,000 - $30,000 - - - - - - $70,000 Subtotal $18,244,254 $8,137,872 $182,000 $30,000 $7,220,000 $1,000,000 $180,000 $50,150 $8,453,970 $85,500 $43,583,746 Transfers From Other Funds $5,000,000 $16,760,000 $2,775,000 $435,000 $ $ - $ - $ - $ • $ - $24,970,000 Total Revenue $23,244,254 $24,897,872 $2,957,000 $465,000 $7,220,000 $1,000,000 $180,000 $50,150 $8,453,970 $85,500 $68,553,746 Available Funds $59,013,087 $ 25,662,946 $3,113,388 $842,835 $7,875,998 $2,484,525 $970,026 $171,507 $8,453,970 $178,566 $108,766,848 Expenditures Elected Officials $96,115 - - - - - - - - - $96,115 Administration $2,346,661 - - $24,800 $8,000 - - - - - $2,379,461 Human Resources $150,700 - - - - - - - - - $150,700 Municipal Court $247,538 - - - - - - - - - $247,538 Police Admin $538,367 - - - - - - - - - $538,367 Police Operations $4,522,779 - - - - - - $67,500 - $100,000 $4,690,279 Police Dispatch $1,254,568 - - - - - - - - - $1,254,568 Fire $3,458,814 - - - - - - - - - $3,458,814 Public Works $1,900,006 - - $767,000 - - - - - - $2,667,006 Engineering $466,478 - - $9,000 - - - - - - $475,478 Building Maintenance $396,100 - - - - - - - - - $396,100 Parks $369,200 - - - - - - - - - $369,200 Community Center $592,132 - - $20,000 - - - - - - $612,132 Community Development $861,035 - $3,075,000 $17,430 $2,100,000 - $385,000 - - - $6,438,465 Capital Project Expenditures - $25,662,500 - - - $2,061,800 - - $8,453,970 - $36,178,270 Debt Service $ - Subtotal $17,200,493 $ 25,662,500 $3,075,000 $838,230 $2,108,000 $2,061,800 $385,000 $67,500 $8,453,970 $ 100,000 $59,952,493 Transfers To Other Funds $19,970,000 $ - $ - $5,000,000 $ - $ - $ - $ - $ - $24,970,000 Total Expenditures & Transfers $37,170,493 $25,662,500 $3,075,000 $838,230 $7,108,000 $2,061,800 $385,000 $67,500 $8,453,970 $100,000 $34,922,493 6/30/26 Fund Balance $21,842,594 $446 $38,388 $4,605 $767,998 $422,725 $585,026 $104,007 $- $78,566 $23,844,354 Yellow - Amendment Lines Amendment #1 Summary Original Budget $79,161,493 Amendment #1 $5,761,000 $84,922,493