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Delray Beach CFO: FY24 ended with $5.4 million general-fund shortfall; officials lay out earlier, longer budget calendar
Summary
City staff reported a $5.4 million general-fund deficit for the last fiscal year, described steps to give commissioners earlier access to budget worksheets and set a calendar of workshops ahead of summer adoption.
City Manager Moore and Chief Financial Officer Henry Dacolis told the Delray Beach City Commission on March 18 that the city ended the last fiscal year with a $5.4 million shortfall in the general fund and outlined a new, earlier budget calendar to give commissioners more time for department-level review.
The new calendar calls for departmental presentations and four commission budget workshops in April and May, plus additional staff reviews, so commissioners can examine historical actuals, year-to-date performance and departmental projections before the city manager’s recommended budget is prepared.
Dacolis, introduced at the meeting as the city’s chief financial officer, said the number set out in the city’s closed books shows actual general-fund revenue of about $180 million and expenditures of roughly $185.5…
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