The Budget and Finance Committee met in August to discuss the FY2025 budget and FY2024 levy. My narrative is in this month’s meeting packet. The budget doesn’t balance because we have earmarked $225,000 for the parking lot project to be completed next year, so that the funds are allocated in case we aren’t able to move forward this fall. The revenues for that work are in the FY2024 budget, so they don’t need to be re-levied in 2025. Other than this contingency, the budget balances and includes a substantial amount for the reserve fund.
Recommendation: I recommend that you approve the FY2025 budget as proposed.