FROM: Amy McInerny, Chief Financial Officer
SUBJECT: Requested amendments to the 2024-2025 Annual Budget in the amount of $463,300
RECOMMENDATION:
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Approve the requested amendments to the 2024-2025 Annual Budget in the amount of $463,300; Approve the addition of $210,100 in Unrestricted Contingency Funds for the Administrative Budget additions.
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BACKGROUND:
The following proposed amendments are presented for your consideration. A description of the items and their purposes are included in the 2024-2025 Annual Budget Mid-Year Update, which is attached as Exhibit A. The amendments impact both the Administrative and Non-Administrative Budgets.
BUDGET IMPACT:
Costs for this item are not included in the current year administrative budget. The use of contingency funds will be required to fund this item
The Board approved an Administrative Budget of $14,935,000; with this addition, the total budget is $15,145,100, leaving approximately $19.4 million of remaining unrestricted contingency funds. The Non-Administrative Budget is not subject to the statutory cap, and therefore, no use of unrestricted contingency funds is needed.
STRATEGIC PLANNING GOAL/OBJECTIVE:
Operational Excellence & Efficiency
STAFF CONTACT:
Amy McInerny
ATTACHMENTS:
Exhibit A: 2024-2025 Annual Budget Mid-Year Update