City Council

3. Receive and File the Fiscal Year 2024-25 Mid-Year Budget Report and Approve\nBudget Adjustments\nPrepared by: Matt Burton, Director of Finance and Administrative Services\nRecommendation:\n1. Receive and file the FY 2024-25 Mid-Year Budget Report; and\n2. Approve mid-year Budget adjustments:\nCity\na. Increase appropriations in the General Fund by $50,900\nb. Increase appropriations in the Capital Project Fund by $43,500\nc. Increase appropriations in the Central Services Fund by $20,800\nd. Transfer $1,500,000 from the General Fund to the Infrastructure Fund\ne. Transfer $1,500,000 from the General Fund to the Employee Benefits Fund for\nPension Trust Investment\nf. Approve the receipt of $616,580 from the Park District as partial payment on the\noutstanding Repayment Agreement and Promissory Note for the construction of\nLexington Park\nRecreation and Park District\ng. Increase appropriations in the General Fund by $44,200\nh. Increase appropriations in the Central Services Fund by $15,000\ni. Transfer $15,000 from the General Fund to the Central Services Fund\nj. Transfer $616,580 from the Park Development Fund to the General Fund\nk. Approve a $616,580 payment to the City's Infrastructure fund to apply against the\noutstanding Repayment Agreement and Promissory Note for the construction of\nLexington Park.