AGENDA CAPTION:
Title
Consider approval of Ordinance 2025-15, on the first of two readings, amending the City’s 2024-2025 Fiscal Year Budget to adjust expenditure accounts in the Water and Wastewater Special Services Fund, Community Enhancement Fund and Tax Increment Reinvestment Zone (TIRZ) #5 Fund; including procedural provisions; and providing an effective date.
Body
Meeting date: May 20, 2025
Department: Finance
Amount & Source of Funding
Funds Required: Various, See Exhibit A “Budget Amendment Tracker”
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note: None
City Council Strategic Initiative: [Please select from the dropdown menu below]
Quality of Life & Sense of Place
Public Safety, Core Services & Fiscal Excellence
Environmental Protection
Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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☒ Environment & Resource Protection - Choose an item.
☐ Land Use - Choose an item.
☒ Neighborhoods & Housing - Choose an item.
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☒ Core Services
☐ Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
Prior Council Action:
On December 3, 2024, City Council approved Ordinance #2024-59, to carry forward funds to the FY2024-25 budget that had been obligated in the FY2023-2024 budget but not expended by the end of the fiscal year. Additional funding amendments have been identified to provide:
• $5,000,000 in W|WW funds for cash-funding CIP projects and
• $200,000 in Community Enhancement funds for demolition of unsafe structures.
On March 21, 2025, the TIRZ #5 Board considered and approved an amendment to increase the project plan and reinvestment zone financing plan in the amount of $2,789,485.75 to further enhance the approved Downtown area:
• $1,600,000 for increased construction cost of the reconstruction of the downtown alleys between LBJ and Guadalupe from Hopkins to Hutchison. Permeable Pavers will be installed within Kissing Alley and the remaining alleys will be reconstructed with new concrete pavement. Alleys will include electrical and telecommunications conversion from overhead to underground, as well as lighting, and will include green infrastructure for a portion of Kissing Alley.
• $25,000 for amending the Alleyway Safety Lighting project and budget to provide a photometric study to measure the dark spots in downtown alleys. It will provide an assessment of existing lighting and allow staff to provide a more tailored response to address dark spots.
• $27,512.75 to increase the existing $75,000 budget for downtown landscaping maintenance to cover necessary additional maintenance costs due to the underestimation of expenses for FY 2025.
• $1,136,973 to cover the additional costs of previously approved projects and proposed annual costs estimated through December 2027.
All of the above items are being funded through their respective fund balances.
Council Committee, Board/Commission Action:
Prior City Council Action: On December 3, 2024, City Council approved Ordinance #2024-59, on the first of two readings, to carry forward funds from the 2023-2024 Fiscal Year.
Prior TIRZ #5 Board Action: On March 21, 2025, the TIRZ #5 Board approved an increase in the amount of $2,789,485.75 to the project plan and reinvestment zone financing plan.
Alternatives:
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Recommendation:
City Council approved this Ordinance amending the City’s 2024-2025 Fiscal Year budget.