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Pacifica adopts midyear budget adjustments; council keeps reserves intact
Summary
Council approved small midyear adjustments and transfers across funds, including vehicle and security-system allocations; staff reported revenue and expenditure trends were largely in line with the adopted budget and fund balances remain healthy.
Pacifica City Council adopted midyear budget adjustments on Wednesday as staff reported that fiscal-year revenues and expenditures remain close to projections and that the city’s unassigned fund balance meets policy targets.
The council approved previously authorized changes and a small set of new midyear adjustments, including funds to update police-department security and intercom systems and to move previously approved vehicle purchases into the motor-pool fund. Staff said these changes produce minimal…
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