Title
A Resolution Amending City FY2025 Budgets
Summary
A resolution prepared by the Finance Department to amend various operation accounts and transfer accounts for unexpected events that occurred during the year.
Body
WHEREAS, there is a need to make amendments to the budgets of various City Funds.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama as follows:
SECTION 1: Amends the budget for account 100-1012-4800 Sale of Land in the amount of $84,218 and amends the budget for account 100-1012-4802 Sale of Railroad ROW in the amount of $8,790.
SECTION 2: Amends the account 100-1012-4710 Misc One Time Revenue for local taxes collected during audits in the amount of $61,450.
SECTION 3: Amend the budget for account 100-1012-4833 Transfer from USDA ReLending and account 308-1012-4810 transfer to the General Fund in the amount of $5,836,804.
SECTION 4: Increase to the following economic development grant accounts:
• 100-6010-6200 in the amount of $355,000
• 100-6010-6211 in the amount of $593,000
SECTION 5: Amends the budget for $7,500 to account 100-1022-6002 Symbol Utilities for additional cost of the new building.
SECTION 6: Approves writing off old debt for the following accounts;
• 100-1412 A/R Misc in the amount of $20 for a returned check.
• 283-1412 A/R Misc in the amount of $187.80 for a returned check.
SECTION 7: Amend the budget for account 400-1010-5107 for approved land purchase in the amount of $250,968.
SECTION 8: Amend the budgets accounts 100-5070-6052 in the amount of $3,500 and account 100-5070-6053 in the amount of $3,000 for unexpected expenses.
SECTION 9: Amend the budget of account 100-5061-6053 in the amount of $1,314 for the purchase of additional shelving.
SECTION 10: Amend the budgets for multiple personnel accounts on the attached worksheet.
SECTION 11: This Resolution shall become effective immediately upon its adoption as required by law.