Subject:
Title
9:30 p.m. Review of 2025-26 Supplemental Appropriations (Fiscal Year 2024-25 End of Year Update)
Body
DATE(S) OF PRIOR COUNCIL CONSIDERATION OF THIS ISSUE:
N/A
EXPLANATION AND SUMMARY:
Finance recommends a work session, to allow for Town Council comment on supplemental adjustment to the 2025-26 General Fund budget for purchase order roll forwards. These roll forwards are for purchase orders that were initiated for projects anticipated to be completed in FY 2024-25. A significant portion of this adjustment is due to ongoing delays in the delivery of replacement vehicles for the fleet, as well as several smaller projects that could not be completed within the last fiscal year.
As the total supplemental budget appropriation exceeds 1% of the Town’s 2025-26 General Fund budget, a public hearing is required in accordance with the Code of Virginia, Section 15.2-2507, to allow for public comment.
Recommendation: Staff recommends Town Council hold a work session in preparation for the public hearing.