| | | | | | | | Council Communication
Department: Finance
Case/Project No.:
Submitted by: Finance Department / Danielle Bemis | Resolution 25-149
ITEM 5.B. | Council Action: 6/9/2025 |
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| | | | | | | | Description
Resolution to approve the proposed amendment to the current city budget for the fiscal year ending June 30, 2025. |
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| | | | | | | | Background/Discussion
The City of Council Bluffs is proposing an amendment to the budget for the fiscal year ending June 30, 2025.
General fund expenditures exceed revenues by $2.8M, reflective of the following:
- Increased costs for technology, costs related to third-party permit inspections, third-party billing collections, additional public safety personnel costs, and operating costs related to the Mid-American Center.
- Timing of project spend and use of general fund dollars as the funding mechanism.
- Decreased revenues related to franchise fees of $1.2m and property taxes of 426k due to the decrease inactive projects and anticipated collections, respectively.
Additional highlights for the proposed budget amendment are contained in the FY25 Amended Budget packet. |
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| | | | | | | | Recommendation
Per the State of Iowa, municipalities are required to submit an amended budget if/when expenditures are projected to be over budget. In order to comply with this requirement, staff recommends approval of the FY25 proposed budget amendment. Upon approval, the amended budget will be filed with the State of Iowa and Pottawattamie County. |
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