AGENDA TITLE:
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Receive Report for Consideration of a Future Action to Approve Fiscal Year 2024-25 Mid-Year Budget Adjustments; Add One Administrative Services Director/Chief Financial Officer Position, Two New Customer Service Representative Positions, One Budget Analyst Position, Two Associate Planners and a Program Coordinator (Rental Coordinator) Position; and Reclassify a Transit Planner Position, Human Resources Manager Position, and Information Technology Manager Position (ISD-BUD)
MEETING DATE:
April 1, 2025
PREPARED BY:
Jennelle Baker, Budget Manager
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RECOMMENDED ACTION:
Receive a report for consideration of a future action to approve Fiscal Year 2024-25 Mid-Year Budget Adjustments; add one Administrative Services Director/Chief Financial Officer Position, two Customer Service Representative Positions, One Budget Analyst Position, two Associate Planners and a Program Coordinator (Rental Coordinator) Position; and reclassify a Transit Planner Position, Human Resources Manager Position, and Information Technology Manager Position.
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SUMMARY:
The Mid-Year Budget update will be presented in a study session for City Council consideration, and brought back to a regular meeting in April for action.
Each year, the City of Lodi prepares a Mid-Year Budget update recommending changes in appropriations to continue operations and projects during the year. The report below summaries where we began the fiscal year with the adopted budget, discusses a number of revisions that were made and then provides detail about recommended changes. The recommended updates to the Fiscal Year 2024-25 Budget include updates to revenue estimates based on best available information.
There are several changes to expenditures that include public safety overtime and capital expenditures. General Fund appropriation increases are offset by transfers in from other funds for appropriate cost allocation. The mid-year budget adjustments are recommende...
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