Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council adopts ordinance raising internal budget transfer thresholds and requires council review if overruns exceed $100,000
Summary
The council adopted changes to the municipal code that increase administrative authority for intrafund transfers, allow limited interfund transfers by the city manager, and require staff to report to council when actual or projected expenditures exceed appropriations by more than $100,000.
The Lompoc City Council voted unanimously to adopt an ordinance revising the municipal code section that governs budget transfers and midyear appropriation changes, increasing staff authority for some transfers and adding a requirement that staff notify council when expenditures within a fund or department are expected to exceed appropriations by more than $100,000.
City staff described the change as an update to antiquated thresholds that previously allowed smaller dollar transfers by management staff and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
