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2025/04/02 Council Agenda Packet
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2025/04/02 Council Agenda Packet
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4/3/2025 9:47:02 AM
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Council Agenda Packet
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4/2/2025
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2025 <br />Budget Adjustments <br />Tally Sheet <br />Department Code Rev Exp FB <br />NGA‐9CIP‐4 Stadium Project 162A 965,468 (965,468) <br />NGA‐9Real Property Reserve Stadium Project 145A 292,518 (292,518) <br />Increase M&O expenditures ‐ CIP‐4 162 multiple 965,468 <br />Decrease ending fund balance ‐ CIP‐4 162 multiple 965,468 <br />Increase M&O expenditures ‐ Real Property Reserve Fund 145 5626000943410 292,518 <br />Decrease ending fund balance‐ Real Property Reserve Fund 145 5980000010999 292,518 <br />This amendment is related to the stadium project. In 2024, the Council authorized the appropriation of $292,518 from the RealProperty Reserve Fund 145 and $165,468 <br />from Fund 162 to cover the professional services agreement with Shiels Obletz Johnsen, Inc. (SOJ) for the proposed stadium project. In 2025, the Council authorized the <br />appropriation of $200,000 from Fund 162 to cover professional services agreements with Bayley Construction LP for the proposed stadium project. This amendment also <br />proposes to fund the estimated stadium‐related outside legal counsel expenses from January 2025 to December 2025.
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