HomeMy WebLinkAboutR-2026-059 Amending Fiscal Year 2025-2026 Annual BudgetRESOLUTION NO. R-2026-059
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 began 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 be incurred; and
WHEREAS, expenditures beyond those anticipated in the Tourism Tax Fund for
tourism purposes will be incurred; and
WHEREAS, expenditures beyond those anticipated in the Inmate Security Fund
for equipment expenditures will be incurred; and
WHEREAS, expenditures beyond those anticipated in the General Fund for new
personnel added, FIFA, Live Nation, and community center memberships will be incurred;
and
WHEREAS, the Finance Director, in consultation with City staff, the City
Administrator, and the Mayor and Board of Aldermen, 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
$86,828,329, as set forth in Exhibits 1 and 2 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;
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RESOLUTION NO. R-2026-059
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;
d. 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 June 2026.
~~ Kathleen L. Rose, Mayor
ATTEST:
Melissa McC hesney~ Clerk
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