Budget and Finance Committee

City of Sidney, MT Budget and Finance Committee Meeting 8-7-25 August 07, 2025 5:30 PM 115 2nd Street SE |Sidney, MT 59270 The City Council meetings are open to the public attending in person, with masks encouraged when social distancing cannot be accomplished. If the public does not wish to participate in person, they are also invited to participate via a Zoom meeting. You can participate via phone: Meeting ID: 713 080 5898 Passcode: 4332809 Call: 1-346-248-7799 1. New Business a. FY25-26 Budget Clerk/Treasurer Chamberlin reviewed the 2025 taxable valuation, the mill levy computation form and the mill levy schedule for FY25-26. She stated the number of mills increased because of the taxable valuation dropping. She stated the total property tax revenue for FY25-26 will be $1,922,306 for 242.42 mills. Clerk/Treasurer Chamberlin presented estimated expenditures and revenue and highlighted the changes from previous fiscal year budgets. SID 102 and 103 along with Curb and Gutter are closed accounts. The remaining balance in the City Hall CIP will be used to replace overhead garage doors and enhance the front of City Hall. The preliminary budget contains $448,000 in transfers from the Oil and Gas Fund to the CIP savings accounts. There are no rate increases for any of the fee based property tax assessments recommended this year. It was the general consensus of the Budget and Finance Committee to recommend approval of the preliminary budget to allow the public time to review prior to the public hearing and passage on September 2nd, 2025 at the regular City Council meeting. Adjourned at 6:26pm. Budget and Finance Committee Meeting 8-7-25 August 07, 2025 Page 1 of 1