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Finance committee reviews July accounts, cost‑allocation changes and Springbrook cloud migration
Summary
City staff reviewed the July financial summary, explained three funds outside the target percentage (City Hall erosion-control project, golf fund and mitigation land bank), said one budget amendment is planned in November, and summarized cost‑allocation work and Springbrook cloud migration.
City staff reviewed the July financial statements and related accounting work at the Ocean Shores Finance Committee meeting on Aug. 28, flagging several funds that are outside the usual target and outlining next steps including a planned budget amendment in November.
Staff said the City Hall/erosion-control project exceeded budgeted expense because the city received a grant and spent well beyond the $7,700,000 that had been initially budgeted; that will be addressed in a budget amendment. "We've spent way more than that because we got the grant. Once we get through that budget project and we do our budget amendment,…
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