The Fiscal Year (FY) 2022 budget was adopted by Council on September 14, 2021. This is the second amendment for the FY2022 Town of Addison annual budget.
Each year, the Finance Department reviews the budget to determine which items should be recognized with formal budget amendments. When budget variances occur that are outside of the authority of the City Manager, these adjustments are presented to the Council in the form of a budget amendment.
Major items include:
General Fund
- An amendment is needed for the Council Special Projects, City Manager's Office, General Services, Fire, Parks, and Emergency Communications Departments in the General Fund. On June 22, 2021 the Council approved additional funding of up to $72,000 to Metrocrest Services to respond to the COVID-19 pandemic, but not all was spent in Fiscal Year 2021. This amendment appropriates the remaining $10,000 in the Council Special Projects Department. Additionally, this budget amendment appropriates funding for Holiday in the Park ($55,000), advertising ($15,000), and miscellaneous expenditures ($20,000) in the Council Special Projects Department. An additional appropriation of $30,000 is needed in the City Manager's Office to provide funding for the payout of accrued vacation to the prior City Manager. An additional appropriation of $14,000 is needed in Emergency Communications due to communications expenditures slightly exceeding the original budget. An additional appropriation of $535,000 is needed in the General Services Department to provide funding to the Facility Maintenance Fund ($500,000) that was created in Fiscal Year 2021 as well as for temporary employment services ($35,000). This amendment appropriates $100,000 in the Fire Department to provide funding for retirement vacation payouts and overfill positions. This amendment appropriates $190,000 in the Parks Department for additional water usage due to the hot and dry spring and summer experienced in 2022 as well as $40,000 to replace a bus shelter that was damaged by a motorist. These additional appropriations are offset by increased Sales Tax Revenue of $969,000 resulting in a net impact of $0 to the General Fund.
- Additionally, this budget amendment authorizes the City Manager to transfer unexpended appropriations and excess revenue from the Fiscal Year 2021-2022 budget to the Self-Funded Special Projects Fund. The amount of this transfer (if applicable) will be known in late November 2022 after the Town has recorded all revenues and expenditures for Fiscal Year 2021-2022. The Fiscal Year 2021-2022 estimate included in the Fiscal Year 2022-2023 budget included an estimated transfer amount of $1,400,000.
Streets Self-Funded Projects Fund
- An additional appropriation of $900,000 is needed in the Streets Self-Funded Projects Fund to appropriate funding authorized in Change Order #3 with Jim Bowman Construction Company, LP that was approved by Council on June 14th, 2022. This amendment also recognizes $900,000 in reimbursement revenue making the net impact to the Streets Self-Funded Projects Fund $0.
Self-Funded Special Projects Fund
- An amendment is needed in the Self-Funded Projects Fund of $253,000 for the relocation of a transformer at the Police Department in the amount of $135,000 and unanticipated facility repairs in the amount of $118,000.
Utility Fund
- An additional appropriation of $400,000 is needed in the Utility Fund to provide funding for higher than anticipated wholesale water purchases ($250,000) due to a hotter and dryer spring and summer than anticipated as well as ($150,000) for water main repairs. These additional appropriations are offset by corresponding increased water sales revenue of $400,000 due to a hotter and dryer spring and summer than anticipated resulting in a net impact to the Utility Fund of $0.
| Fund |
Impact on Budgeted Expenditures |
Impact on Budgeted Revenues |
Impact on Fund Balance |
| General Fund |
$969,000 |
$969,000 |
$0 |
| Streets Self-Funded Projects Fund |
$900,000 |
$900,000 |
$0 |
| Utility Fund |
$400,000 |
$400,000 |
$0 |
| Self-Funded Special Projects Fund |
$253,000 |
$0 |
($253,000) |
| Total |
$2,522,000 |
$2,269,000 |
($253,000) |
The attachments reflect the proposed budget changes by fund in the ordinance and budget amendment summary. |