TRANSMITTAL LETTER FOR BOARD MEETING OF DECEMBER 19, 2024
COMMITTEE ON BUDGET AND EMPLOYMENT
Mr. Brian A. Perkovich, Executive Director
Title
Authority to Amend the Adopted 2025 Budget
Body
Dear Sir:
The attached changes to the Adopted 2025 Budget (BF-21 budget forms) are submitted for your consideration as amendments to the 2025 Adopted Budget at the Board Meeting of December 12, 2024. The requested net changes to appropriations are summarized below:
FUND DEPARTMENT NET CHANGE
CORPORATE General Administration $0
TOTAL CORPORATE FUND $0
CONSTRUCTION $(1,400,000)
The total appropriation request for the 2025 Budget is $1,694,607,674, including the requested changes. Compared to the 2024 total adjusted appropriation of $1,428,932,635, this is an increase of $265,675,039, or 18.6 percent.
The estimated total tax levy for the 2025 Budget is $709,708,434, unchanged from the Adopted Budget. Compared to the 2024 total adjusted levy of $691,679,040, this is an increase of $18,029,394, or 2.6 percent.
The total appropriation request for the Corporate Fund is $523,694,700, which is a $1,400,000 increase from the Tentative Budget of $522,294,700. The increase resulted from the general salary adjustment for non-represented employees approved over the budgeted estimate in the Tentative Budget. The proposed BF-21 change also includes a reallocation of funding for the access control project between commitment items within General Administration. Compared to the 2024 adjusted appropriation of $497,258,600, this is an increase of $26,436,100, or 5.3 percent.
The total appropriation request for the Construction Fund is $83,143,600, a decrease of $1,400,000 from the Adopted Budget of $84,543,600. The change in appropriation is primarily due to refined project schedules for multiple projects, which is offset by a shift of $1,400,000 in Personal Property Replacement Tax to the Corporate Fund. Compared to the 2024 adjusted appropriation of $74,598,800, this is an increase of $8,544,800, or 11.5 percent.
Revised Tentative Budget pages 8-9 include appropriation changes with no changes to the estimated tax levy.
Revised Tentative Budget page 12 presents a summary of revenues and expenditures for the 2025 budget, 2024 estimated year-end, and 2023 actual for all funds.
Revised Executive Director’s Budget Recommendations pages 84-85 present the estimated balance sheet and the appropriable revenue for the Corporate Fund. These pages include changes in 2025 budgeted revenues, including a shift of $1,400,000 in Personal Property Replacement Tax from the Construction Fund.
Revised Tentative Budget page 17 and revised Executive Director’s Budget Recommendations page 93 present the estimated balance sheet and the appropriable revenue for the Construction Fund reflecting changes in project schedules, offset by a reduction in Personal Property Replacement Tax of $1,400,000.
Revised Tentative Budget pages 70-72 provide an updated list of capital projects for the Construction Fund.
The attached BF-21 budget forms (pages 1-2) detail all requested changes in appropriation.
The financial schedules for the Final Adopted and Amended Budget will be revised to adjust the departmental appropriations to include allocation of the general salary adjustment for non-represented employees as determined at the budget adoption on December 12, 2024.
The Executive Director’s Budget Recommendations and the Tentative Budget, which include all the related budget ordinances in their entirety and the Report of the Committee on Budget and Employment are available for review on the District’s website, www.mwrd.org .
Requested, Shellie A. Riedle, Administrative Services Officer, IG
Respectfully Submitted, Brian A. Perkovich, Executive Director
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for December 19, 2024
Attachments
Revised Tentative Budget pages 8-9, 12, 17, and 70-72, dated December 13, 2024
Revised Executive Director’s Recommended Budget pages 84-85 and 93, dated December 13, 2024
BF-21 budget forms, pages 1-2, dated December 13, 2024