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Approval to rollover funding from Fiscal Year 2025 to Fiscal Year 2026, for capital outlay and operating expenditures totaling $2,001,347.
(Fiscal Impact: $2,001,347)
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(Staff Contact: Joshua Watters)
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Summary Explanation/Background:
The annual budget resolutions authorize staff to carry forward funding for purchases ordered by valid purchase orders but not received by the end of the fiscal year. In these cases, the financial system automatically encumbers and rolls the required budget into the new fiscal year for payment upon receipt.
However, some items were not encumbered because bids were still pending or purchases were restricted during year-end processing. Other delays were due to supply chain or delivery issues.
Departments have provided explanations (attached) supporting the rollover of capital outlay and operating expenditures essential to their operations. Staff is requesting City Commission approval to roll over $2,001,347 from FY2025 to FY2026 across various funds.
Origin of request for this action: Budget Office
Fiscal impact and source of funding: Funding comes from FY 2025 previously approved appropriations: General Fund $405,771; Utility Fund $1,056,693; Stormwater Fund $257,183; Airpark Fund $101,550; Central Services Fund $118,486; Vehicle Services Fund $61,664
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