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Flat Rock council approves 14 budget amendments, projects $200,000 general-fund surplus
Summary
City Treasurer Brian Marciniak presented 14 budget amendments covering grants, election equipment, police and fire costs, and retirement payments; the council approved the amendments and discussed maintaining a 27% fund balance and a supplemental payment to the retirement system.
The Flat Rock City Council approved 14 budget amendments during the meeting after City Treasurer Brian Marciniak outlined adjustments needed to reflect new grants, contract changes and operating costs.
Marciniak told the council the general fund still projects roughly $200,000 in revenues above expenditures for the fiscal year and that the city’s fund balance stands at about 27 percent of expenditures — above the state’s two-month best-practice threshold and in the range bond-rating agencies favor for…
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