Title
Approving an ordinance on first and final reading with the caption reading: An ordinance of the City of Pflugerville, Texas, adopting the third amendment to the FY24 Budget for the City of Pflugerville; and providing an effective date.
Summary
Per City Charter, section 9.04 (a), City Council may approve supplemental appropriations where there are revenues available for appropriation in excess of those estimated in the budget. Section 9.04 (d), City Council may approve any unencumbered balances from one department to another.
Funds that exceeded annual adopted budget require an amendment to appropriate funding in the amount of the expenditures in excess. The following funds require an amendment to cover the amount over budget.
General Fund: There are several departments within General Fund that are needing to be amended due to various circumstances. The explanation for each amendment is included on Exhibit A.
Total additional expense appropriations needed of $544,000 is all offset by increases in additional revenue. All other increases are offset by budget savings.
Water Wastewater Fund: There are several departments within the Water Wastewater Fund that are needing to be amended due to various circumstances. The explanation for each amendment is included in Exhibit A.
Total additional expense appropriations needed $97,500 coming out of available fund balance, with $895,000 offset by budget savings.
Prior City Council Action
Budget Adoption FY24 August 12, 2023
Amendment #1: December 12, 2023
Amendment #2: April 23, 2024
Deadline for City Council Action
November 26, 2024 to close FY24 and provide budget ordinance for audit.
Funding Expected: Revenue __ Expenditure __ N/A _X_
Budgeted Item: Yes __ No __ N/A X__
Amount: ________
1295 Form Required? Yes __ No _x_
Legal Review Required: N/A _x_ Required __ Date Completed: ___________
Supporting documents attached:
FY24 Third Budget Amendment Ordinance
Exhibit A
Recommended Action
Approve an ordinance on first and final reading with the caption reading: An ordinance of the City of Pflugerville, Texas, adopting the third amendment to the FY24 Budget for the City of Pflugerville; and providing an effective date.