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Committee places beginning fund-balance ordinance on July 15 consent; staff flags roughly $1 million unallocated
Summary
City staff told the Redmond Council committee it will true up 2025 beginning fund balances to 2024 year-end actuals, noting about $1 million in unallocated general-fund balance; committee agreed to place the ordinance on the July 15 consent agenda.
The Redmond City Council Committee of the Whole on Finance, Administration and Communication agreed to place an ordinance to adjust 2025 beginning fund balances on the July 15 consent agenda after staff said preliminary year-end figures show roughly $1 million in unallocated general-fund balance.
Deputy Director Nara introduced the item and Finance Manager Haley Zurcher told the committee the adjustment is a technical "truing up" of beginning balances using 2023 ending balances plus actual 2024 revenues and expenditures. "This is going to be the first of hopefully two beginning fund balance adjustments that we plan to bring to…
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