Office of the City Manager
Reference: Second Amendment to the 2022 Budget
To: Mayor Gregory Mills and Members of City Council
Through: Michael Martinez, City Manager
Prepared By: Kayla Barber-Perrotta, Budget and Performance Manager
Date Prepared: May 16, 2022
PURPOSE:
To amend the 2022 Budget for the additional Lodging Tax grant award to the Brighton Cultural Arts Commission (BCAC) and for the Historic City Hall bathrooms Community Development Block Grant award.
STRATEGIC FOCUS AREA:
Financially Responsible
Strategic, Supportable Infrastructure
BACKGROUND:
The City Council adopted the 2022 Budget on December 7, 2021, at $155,140,018. In February of 2022, Council adpopted the first amendment to the 2022 Budget for revisions to the Municipal Service Center project timeline and to accommodate increased water rates for City properties. Currently, the 2022 Budget and appropriations sit at $160,317,180.
On May 17, 2022 Council awarded the contract for the Historic City Hall bathrooms project which is fully covered by a Community Development Block Grant Award. However, since these funds will pass through the City before payment to the vendor, and there is not sufficient appropriation, this must be accompanied by a budget amendment of $220,761 to the Capital Fund. There is no impact to fund balance.
Council also made an additional Lodging Tax Grant award of $15,000 to to BCAC for art plaques at its May 3, 2022 meeting. Since the Lodging Tax Fund was adopted with only sufficient appropriations for the initial grant a supplemental appropriation must be made to cover this award. This will be pulled from fund balance in the Lodging Tax Fund.
This amendment will appropriate an additional $235,761 bringing overall appropriations to $160,552,941.
CRITERIA BY WHICH COUNCIL MUST CONSIDER THE ITEM:
All changes to Fund-level appropriations of the adopted budget must be made by a Supplemental Budget Appropriation.
STAFF RECOMMENDATION
Staff is recommending approval of the attached Second Amendment to the 2022 Budget Resolution.
OPTIONS FOR COUNCIL CONSIDERATION
Approve, amend, or deny the proposed resolution.
ATTACHMENTS
Proposed Resolution