Finance director proposes midyear budget amendments, FY2026 appropriation and payroll ordinance for reading

HANNIBAL, Mo. '1 June 3, 2025 '1 Finance staff presented a package of budget-related ordinances for first reading on Tuesday, including a midyear amendment, the FY2026 appropriation and a payroll ordinance.

Bianca Quinn, financial director, said the general fund showed additional revenue of $1,065,550 and she proposed amendments to reflect that increase and related midyear expenses. She also noted the self-insurance fund received reimbursements from the insurer that would help cover roughly $650,000 in claims and recommended a capital-improvement amendment driven largely by grant income. "The revenues reflected there are mostly due to grant income, $2,350,000," Quinn said, and she listed project expenditures totaling about $2,000,431.30 that the capital amendment would cover. An additional $55,000 amendment was proposed for an unused sick leave fund increase tied to retirement payouts.

Quinn presented three bills for first reading: Bill No. 25-049 (amending FY2025 budget to add revenues and supplemental appropriations across departments), Bill No. 25-048 (ordinance appropriating funds for fiscal year 2026) and Bill No. 25-050 (payroll ordinance to pay city officers and employees for FY2026). Each bill received a first reading; councilmembers had no substantive questions during the meeting and no final votes were taken on the ordinances at first reading.

Council briefly discussed that part of payroll funding would be handled administratively; Quinn and councilmembers deferred additional detail to the reading process. Each bill will return for further consideration in a subsequent meeting.