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City Council adopts $9.86 million spending increase largely funded by grants
Summary
Farmington City Council approved a budget adjustment that increases revenues by about $9.0 million and expenditures by about $9.86 million, primarily to record new grant awards and to fund capital projects including airport grants, state capital outlay and an electric vehicle charging station.
Farmington City Council voted to adopt a budget adjustment that increases the city’s revenue budget by $8,994,420 and its expenditure budget by $9,859,013, largely to record recently awarded grants and to authorize capital spending.
City Finance Director Jim Cox presented the adjustment and said the package is “solely grants except for one item,” and described a $330,000 capital increase for Fairgrounds Road and soccer-complex parking improvements previously approved at an Aug. 19 work session. Cox said the city has received $5,152,644 in airport grants that carry a $474,572 match; the match is…
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