TOTAL BUDGET AMENDED EXPENSE: $3,838,030

Includes:

1) Additional expense offset by new revenues: $711,694

2) Application of designated funds: $1,622,370

3) Application of unassigned cash: $1,503,966

This is the third and final budget amendment to the FY2018-2019 approved budget and has been scheduled for Council consideration at the June 18, 2019 meeting.  Following is a summary of the budget amendment categories:

1) Additional expenses offset by new revenues:  This category provides expenditure authority for grant related costs totaling $145,461 for the Madison regional supply project, emergency PIO and forestry training and portable breath testers; donations of $21,595 for various Police tactical team training and gear, memorial program, and animal shelter supplies; $7,000 for Mayor's Art Council sponsorships; $26,010 from Internal Services provided for increased expenditures; $250,000 from increased sales tax revenue for outside agency funding, $215,000 from insurance reimbursements for claims expenses; and $45,000 in principle revenue payments to pay down principle on the Interstate Industrial LID.

2) Application of designated funds:  This category provides expenditure authority to utilize funds that have been set aside over the years for specific purposes as designated by Council.  Included is $1,500,000 for Cam-Plex facility refurbish and maintenance; $1,757 for memorial program expenditures; and $120,613 for tree removal/replacement from prior year insurance proceeds.

3) City-wide application of unassigned cash:  This category provides additional funding for unbudgeted/under-budgeted expenses and includes: compensation payouts, changes in Wyoming Retirement System contributions and benefit changes - $286,188; design services for various City facility remodels and park improvements - $545,500; outside agency, general community and economic development - $130,536; compensation study - $52,500; various departmental requests for travel, training, supplies etc. - $79,431; Wastewater Treatment Plant digester repairs and building modifications (funded by liquidation of EPA reserve) - $263,000; Gurley overpass inspection - $34,000; insurance claims incurred - $25,000; Madison regional supply project - $69,431; park track trails program - $6,500 and additional plow and sander for snow removal - $11,880.

The Budget Amendment will result in the following applications of unassigned cash:

General Fund: $1,023,408

1% Fund: $40,500

Enterprise & Other Funds: $440,058

A detailed itemization of the budget amendment requests is attached.  All requests included for your consideration have been reviewed and recommended for approval by the Finance Department and Administration, as well as reviewed by Council at the June 4, 2019 Council Pre-Meeting.