Year End Appropriation Resolution to amend the 2024 Adopted Operating Budget to increase General Fund appropriations by a total of $8.0 million by appropriating a net amount of $1.5 million from the General Fund Unassigned Balance to meet projected shortfalls in agency budgets and increasing the general fund transfer out to the capital projects fund by $6.5 million related to American Rescue Plan Act (ARPA) reallocations; transferring $7.3 million of American Rescue Plan Act (ARPA) funds from the grant fund to the general fund; reducing general fund balance applied by $849,364, related to ARPA reallocations; making transfers of appropriations within agency budgets; making revenue adjustments to non-general fund agencies based on third quarter projections; clarifying for federal transit financial reporting purposes that a portion of the Metro Transit subsidy from the General Fund is used to pay debt service in the Metro Transit enterprise fund; and amend the 2024 Adopted Capital Budget to appropriate funding from non-borrowing sources to various capital projects; and transferring funds across capital projects to comply with federal arbitrage rules.

Resolution Passed Introduced November 20, 2024

Where it was heard