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Financial Management <br /> DATE: 11/18/2024 <br /> MEMO: <br /> TO: Honorable Mayor Moore Wolfe and <br /> City Council Members <br /> FROM: Tim Gleason,City Manager <br /> Ruby James, City Treasurer&Chief Financial Officer <br /> SUBJECT: Ordinance Adopting the Fiscal Year 2025 Budget and Appropriating Monies for the Purpose of Defraying the <br /> Expenses of Departments and Funds of the City of Decatur,Illinois for the Fiscal Year Beginning January 1,2025,and Ending <br /> December 31,2025,Including All Outstanding Claims and Obligations,and Fixing a Time When the Same Shall Take Effect <br /> SUMMARY RECOMMENDATION: <br /> The City Manager recommends City Council approval of the attached Ordinance approving the budget for the fiscal period <br /> beginning January 1,2025 and ending December 31,2025. <br /> In accordance with City Code Chapter 18.1,adopted by Ordinance No. 2019-119, September 3,2019,and in compliance with <br /> Illinois Municipal Code,the City of Decatur operates under the budget method for appropriations. <br /> Under the budget method of appropriation,Council adoption of the budget ordinance will provide the City with the legal <br /> authority to expend monies for outstanding claims and obligations as defined in the budget. <br /> BACKGROUND: <br /> The City Manager presented the proposed 2025 City Manager's Budget to City Council members at Council Study Session on <br /> October 14, 2024. The budget document has been available for public inspection since October 4, 2024, on the City Web Site <br /> and in hard copy form in the City Clerk's and City Treasurer's Office. <br /> On November 9, 2024, the city published a notification in the Decatur Herald & Review newspaper of a public hearing in the <br /> matter of the annual budget ordinance to be held at the council meeting on November 18,2024. <br /> The public hearing will be held at the council meeting on November 18,2024. <br /> POTENTIAL OBJECTIONS: None Anticipated. <br /> INPUT FROM OTHER SOURCES: None <br /> STAFF REFERENCE: Ruby James,City Treasurer and Chief Financial Officer Anthony Cooling,Budget and Revenue <br /> Officer <br /> BUDGET/TIME IMPLICATIONS: Adopting the 2025 Budget Ordinance will appropriate funding for FY2025. <br /> ATTACHMENTS: <br /> Description Type <br /> An Ordinance Adopting the Fiscal Year 2025 Budget and <br /> Appropriating Monies for the PUrpose of Defraying hte <br /> Expenses of Departments and Funds of the City of Ordinance <br /> Decatur,Illinois for the Fiscal Year Beginning 7anuary 1, <br /> 2025 and Ending December 31,2025 <br /> 2025 Fund Balances and Budget Changes Backup Material <br />