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File #: 24-0499    Version: 1 Name: FY24 Rollover Request for Operating Departments
Type: Consent Item Status: Passed
File created: 11/25/2024 In control: City Council Legislative Session
On agenda: 12/11/2024 Final action: 12/11/2024
Title: Resolution to Amend the Fiscal Year 2025 Council Approved Budget and Appropriate a total of $829,624.63 from the General Fund's Assigned, Committed, and Restricted Fund Balance accounts to the General Fund Operating Budgets of the City Attorney; City Treasurer; Civic and Community Support; Clerk of the Circuit Court; Commonwealth's Attorney; Community Development; Emergency Management; Grant Matching Funds; and, Office of Youth and Young Adult Opportunities to complete activities started in Fiscal Year 2024
Attachments: 1. FY24 Rollover Schedule for General Fund Operating Departments v2
Title
Resolution to Amend the Fiscal Year 2025 Council Approved Budget and Appropriate a total of $829,624.63 from the General Fund's Assigned, Committed, and Restricted Fund Balance accounts to the General Fund Operating Budgets of the City Attorney; City Treasurer; Civic and Community Support; Clerk of the Circuit Court; Commonwealth's Attorney; Community Development; Emergency Management; Grant Matching Funds; and, Office of Youth and Young Adult Opportunities to complete activities started in Fiscal Year 2024

Purpose
PURPOSE/BACKGROUND:
The operating departments, as reflected on the attached schedule, ended Fiscal Year 2024 with ongoing projects for which all or a portion of the funds originally appropriated were (re)deposited in the General Fund's Assigned, Committed, and Restricted Fund Balance accounts during the fiscal year-end closing process.

Discussion:
Rollover of the funds, as reflected on the attached schedule, will enable said departments to continue ongoing projects that will enhance service delivery.

Impact:
No impact.

Recommendation:
Approve.

Body
WHEREAS, several City of Hampton ("City") operating departments, as reflected on the attached schedule, ended Fiscal Year 2024 with funding that was budgeted for ongoing projects and it is in the best interest of the City that those operating departments be permitted the continued use of the remaining funds in Fiscal Year 2025.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hampton, Virginia that the Fiscal Year 2025 Council Approved Budget be amended to appropriate a total of $829,624.63 from the General Fund Balance accounts as follows:

(1) $47,417.02 from Assigned Fund Balance
(2) $771,837.46 from Committed Fund Balance
(3) $10,370.15 from Restricted Fund Balance

to the General Fund operating budgets of the City Attorney; City Treasurer; Civic and Community Support; Clerk of the Circuit Court; Commonwealth's Attorney; Commu...

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