The Fiscal Year (FY) 2024 budget was adopted by Council on September 12, 2023.  This is the first amendment of the FY 2024 Town of Addison annual budget. 

Each year, Finance staff reviews the budget to determine which items should be recognized with formal budget amendments. When budget variances occur that are outside the authority of the City Manager, these adjustments are presented to the Council in the form of a budget amendment.

In the General Fund, the proposed budget amendment includes reallocation of personnel costs in several departments due to the results of a compensation market study implemented in January 2024. This amendment also includes increased personnel costs of $60,000, capital outlay of $36,000, and contractual services of $84,000 all within the Parks Department for two Groundskeeper positions, equipment, and landscape maintenance services.  Additionally, in the General Fund, the proposed budget amendment includes $50,000 for increased contractual services in the City Manager's Office for new agenda management software and strategic planning software, as well as $44,733 in Emergency Communications for Harris Radio System terminal maintenance.  Increased Sales Tax revenue of $274,733 is included in the proposed amendment, resulting in no net change to the General Fund.

The proposed amendment includes $12,000 in the PEG Fund for audio and video equipment for City Council meetings. 

The proposed amendment includes $763,029 in the Self-Funded Projects Fund for prior year encumbrances for the Comprehensive Plan ($429,935), Unified Development Code ($20,000), Theatre Center Study ($60,000), Athletic Club fitness wall treatments ($178,894), and TOD financial impact study ($4,200) as well as for consulting services in the amount of $40,000 to acquire and audit funding through Texas Ambulance Services Supplemental Payment Program that was received in September 2023 and $30,000 for audio and video equipment for City Council meetings. 

The proposed amendment includes $1,391,009 in the Capital Equipment Replacement Fund for prior year encumbrances of $901,905 for vehicles and equipment that were not received in the prior year due to supply chain issues as well as $489,104 for Police vehicle upfitting. 

The proposed amendment in the Grant Fund includes $48,687 to account for a 911 grant received by member cities of the North Texas Emergency Communications Center.

The proposed amendment in the Capital Projects Fund includes $1,780,250 for prior year encumbrances for Rawhide Creek Basin Improvements ($40,369), Pedestrian Connectivity - Cotton Belt/Silver Line ($307,469), License Plate Recognition System ($38,594), Vitruvian West Streetscape and Bella Lane ($292,541), Midway Road ($581,880), and Vitruvian Park Phase 9, Block 701 ($519,397). 

The table below illustrates the net impact the proposed budget amendment has on each fund and in total: