Office of the City Manager
Reference: To adopt the 2025 Budget for the South Brighton General Improvement District
To: Mayor Gregory Mills and Members of City Council
Through: Michael P. Martinez, City Manager
Prepared By: Kathryn Mortensen, Budget & Performance Manager
Date Prepared: October 1, 2024
PURPOSE
To adopt the 2025 Budget for the South Brighton General Improvement District.
STRATEGIC FOCUS AREA
Fiscal Resilience
BACKGROUND/HISTORY
Currently, the South Brighton G.I.D. Fund has a zero balance until development occurs within this area and the need for a budget and appropriations exists. For now, the recommended 2025 Budget is once again set at zero.
CRITERIA BY WHICH COUNCIL MUST CONSIDER THE ITEM
City Charter and State Statutes require the 2025 Budget be adopted by resolution.
BUDGET IMPACT:
At this time there are no expenditures planned for fiscal year 2025.
OPTIONS FOR COUNCIL’S CONSIDERATION
Adopt, Amend, or Deny the proposed resolution.
ATTACHMENT
• 2025 GID Budget Resolution