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Council adopts midyear budget adjustments; staff to use reserves to cover recovery accounting
Summary
The City Council adopted Resolution 25‑22 approving midyear fiscal‑year 2024‑25 budget adjustments that reallocate recorded Eaton Fire costs into departmental budgets and use a portion of general‑fund reserves to balance the midyear changes.
The Sierra Madre City Council unanimously adopted Resolution 25‑22 at Tuesday’s meeting, approving midyear adjustments to the fiscal year 2024‑25 budget that incorporate costs associated with the Eaton Fire and the February storm, carry forward permit‑related revenues and adjust internal service accounts.
Finance Director Dustin Rainey presented the midyear package, explaining staff initially recorded Eaton Fire expenses in a dedicated fund and subsequently moved eligible response…
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