ANKENY CITY COUNCIL

City Council Agenda

March 20, 2023
5 : 30 PM
Mark Holm, Mayor
Bobbi Bentz, Mayor Pro tem
Council Members: Jeff Perry, Joe Ruddy, Todd Shafer, Kelly Stearns
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ORIGINATING DEPARTMENT: COUNCIL GOAL:
City Manager Exercise Financial Discipline
ACTION REQUESTED:
Resolution
LEGAL:
No Review Required
SUBJECT:
Proposed Amendment of Current Budget for Fiscal Year Ending June 30, 2023 (PH 2023-27)
EXECUTIVE SUMMARY:

The FY 2023 budget amendment includes the following changes:

  • Amended revenues include increases in hotel/motel taxes, interest income, capital grants, water usage fees and the timing of proceeds from the issuance of Water SRF Notes.
  • Amended expenditures include increases related to inflation (e.g. costs of goods and services), hotel/motel tax commitments, public safety overtime, vehicle repairs and maintenance and the timing of capital projects.
FISCAL IMPACT: Yes
Overall, the budget amendment includes the use of an additional $13,894,596 in ending fund balance at June 30, 2023.
CITY MANAGER'S RECOMMENDATIONS:
Recommend proposed amendment of current budget for fiscal year ending June 30, 2023.
PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S):
PUBLIC OUTREACH EFFORTS:
Notice of public hearing was published in the Des Moines Register on March 10, 2023.
ACTION REQUESTED:

Action: Consider motion to adopt RESOLUTION amending the current budget for fiscal year ending June 30, 2023.
ADDITIONAL INFORMATION:
ATTACHMENTS:
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Resolution