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Finance committee approves amended budget adjustments and final fourth-quarter financial report
Summary
The committee approved amendments to resolution 25XX and adopted the final fourth-quarter financial report for fiscal year ending June 30, 2025; discussion revealed previously excluded restricted funds and produced a higher-than-expected cash balance.
Members of the Roswell Finance Committee approved an amended resolution to adjust fiscal-year budgets and then voted to accept the final fourth-quarter financial report for the fiscal year ending June 30, 2025.
Staff presented a packet of year-end budget adjustments and explained that some restricted funds had not been included in earlier beginning-cash calculations. City staff said the omission affected the reported beginning cash balance in the earlier…
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