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Danville adopts fiscal-year 2025 budget amendment and engages auditors for GASB 101 implementation; bill list approved
Summary
Commission approved a fiscal-year 2025 budget amendment increasing appropriations to $59.8 million, authorized an engagement to implement GASB 101 accounting changes, and approved payment of $1.62 million in bills after staff explained a transparency step for certain invoices.
The Danville City Commission approved a routine fiscal-year 2025 budget amendment and a professional-services engagement to implement new Governmental Accounting Standards Board (GASB) rules for compensated absences, and it approved the payment of the meeting’s bill list totaling $1,620,727.24. On second reading, commissioners adopted Ordinance No. 2052 amending the FY25 budget; staff said the amended total appropriations are $59,804,506, up from an original…
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