Title
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An Ordinance Amending the Fiscal Year 2025 Budget
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Introduction
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An Ordinance is hereby presented to modify selected appropriations in the FY25 budget to match year-end revenues and expenditures.
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Recommended Action
Adopt the Ordinance.
Prior Board Action
The Board approves budget amendments on a quarterly basis.
The Board has taken the following prior action(s):
• ORD 25-222 - December 9, 2025 FY 25 Q4 Budget Amendments
• ORD 25-203 - November 11, 2025 FY25 Q3 Budget Amendments
Background
The annual budget provides an appropriation authorization on spending by account, department, and fund. While every effort is made during the budget process to forecast spending accurately, there are times when a budget amendment is needed, such as in the following circumstances:
1) Funds were not entirely spent in the preceding year due to the timing of invoicing, and it is thus necessary to shift unspent funds into the current year (a “carryforward” budget amendment).
2) Unforeseen expenditures which were not budgeted are now needed (a “new money” amendment).
3) Funds are reallocated from one account to another account within the budget (a “reclassification” amendment).
The Village’s budget amendment process is contemplated by Chapter 2, Article 6, Section 5 of the Village code.
Timing Considerations
There are no specific timing considerations associated with this item.
Financial Impact
Please refer to Attachment 2 “Proposed FY25 Year-End Budget Amendments by Line Item” for a full financial impact summary.
Operations Impact
There is no operating impact associated with this item. The item aligns with the department’s core service delivery.
DEI Impact
There is no DEI impact associated with this item.
Community Input
There has been no community input given in relation to this item.
Staff Recommendation
Approve the Ordinance.
Advantages:
• This Ordinance will amend the budget to reflect accurate year-end expenditures for FY25.
Disadvantages:
• There are no disadvantages to this action.
Alternatives
There are no alternatives associated with this Ordinance.
Anticipated Future Actions
Continue to review budget amendments on a quarterly basis.
Prepared By: James Karsten, Management Analyst
Reviewed By: Kevin Bueso, CFO & Jack Malec, Assistant to the Village Manager
Approved By: Kevin J. Jackson, Village Manager
Attachment(s):
1. Budget Amendment Ordinance Year-End, 2025
2. Proposed FY25 Year-End Budget Amendments by Line Item
3. Consolidated FY25 Year-End Budget Amendments