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Milton council approves mid‑year FY2025 budget amendments adjusting revenues and appropriations
Summary
Council approved amendments to the FY2025 budgets recognizing about $1.2 million in additional revenue anticipations and a set of expenditure adjustments; the fund balance remains above the city’s 25% reserve requirement.
The Milton City Council approved an ordinance adopting amendments to the city’s fiscal year 2025 budget, approving updated revenue and expenditure figures and recognizing various fund adjustments.
Why it matters: The amendments adjust anticipated revenues and appropriations for the fiscal year and update capital, special revenue and ARPA accounting; council approved the measure on its second reading.
Deputy City Manager Bernadette Harvill summarized the second read of the FY2025 amendments. Harvill said the amended general fund revenue anticipations increase by about…
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