City of Trinidad
Mid-Year Budget review
FY2024/25
Key FY24/25 Revenue Updates
´FY2025 Approved Revenue Projection: $923,732.
´Approved Operating Expenses: $959,556
´Delta ($35,824)
Mid –Year Revenue
´ FY24/25 Dec24
´TOT $215,000 $149,157 ( 69%)
´Sales Tax $350,000. $192,468 (54%)
Water Enterprise fund
´Water fund balances (-$99K)
´New Interim CPO starts March 19 $4K month
´No additional GF loans needed at this time.
Budget Adjustment Requests
´Both items long term and current goals for council
´Maintenance of Infrastructure is necessary and required ´ Classification will help better align tasks with needs ´Town Hall Windows, Front Porch, Rot Repairs -$60,000
´Classification and Compensation Study $25,000
Town Hall Windows,
Rot Repair and
Front Porch Repairs
´ Milgard Series V400 White
Tuscany w/ Grid Pattern sim
to existing
( $950 per approx.)
´ Weathershield, Premium
Series White Al Clad Ext
Vertical grain Int
($3300 per approx.)
Front Porch Flooring
´ Remove Worn Carpeting
´ Replace with epoxy floor covering
What's next ?
´ Budget Workshop (s) May
a) Revenue Projections
b) GF
c) Enterprise Funds
d) Capital Projects
e) Master fee Schedule updates ( Planning, Building,
Cemetery)
Budget Adoption- June