Office of the City Manager
Reference: First Amendment to the 2025 Budget
To: Mayor Gregory Mills and Members of City Council
Through: Michael P. Martinez, City Manager
Prepared By: Kathryn Mortensen, Budget and Performance Manager
Date Prepared: March 20, 2025
PURPOSE:
To amend the 2025 Budget to support additional lodging tax allocations, transfers to cover storm drainage improvements as part of Parks and Recreation projects, and to transfer interest earnings to cover cemetery maintenance.
BACKGROUND:
The City Council adopted the 2025 Budget on October 15, 2024, at $255,284,504. In March, per the 2025 Budget Resolution, capital carryover was administratively adjusted to reflect final year end amounts, adding an additional $54,144,083 and bringing the City’s total budget to $309,428,587.
This first amendment to the 2025 budget addresses additional lodging tax allocations, transfers to cover storm drainage improvements as part of Parks and Recreation projects, and to transfer interest earnings to cover cemetery maintenance.
With the original 2025 budget, projected lodging tax revenues were split between the Communications Department and the Economic Development Corporation. This did leave a fund balance that can be utilized on additional one-time projects. The first amendment to the 2025 budget includes a total of $59,000 in additional appropriation to cover assistance to the Chamber of Commerce as well as carryover of a 2023 allocation provided to the Brighton Cultural Arts Commission.
Additionally, this amendment covers transfers from the Storm Drainage Fund to the Parks Capital Improvement Fund. This covers storm improvements that are related to projects in the Parks and Recreation Fund. These improvements are currently budgeted in the Storm Drainage Fund. As the storm improvements are a part of the overall contract for the projects, it is simpler to transfer the cash and charge the full contract cost to the Parks and Recreation Capital Improvement Fund.
Finally, this amendment also covers the transfer of interest earnings from 2024 from the Cemetery Perpetual Care Fund to the Cemetery Fund. Each year interest earnings are transferred in this way, but the total interest earnings are not known until the year ends, which is after the budget is adopted.
This amendment will appropriate an additional $1,437,608, bringing overall appropriations to $310,866,195.
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 recommend approval of the attached First Amendment to the 2025 Budget Resolution.
OPTIONS FOR COUNCIL CONSIDERATION
Approve, amend, or deny the proposed resolution.
ATTACHMENTS
Proposed Resolution
Presentation