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Council approves quarter‑end budget adjustments and asks for fuller quarterly financial reporting
Summary
Council approved several quarter‑end budget amendments (Q4 FY24 and Q1/Q2 FY25) and the second‑quarter financial report, and members asked staff to expand quarterly reporting to show fund balance, encumbrances and project‑level status for better fiduciary oversight.
The Sebastian City Council on May 28 approved a series of budget amendments for fiscal periods ending Sept. 30, 2024 (Q4 FY24) and Dec. 31, 2024 (Q1 FY25), and accepted the quarterly financial report for March 31, 2025 (Q2 FY25).
Finance staff said the amendments listed in each resolution (R‑25‑14, R‑25‑15 and R‑25‑16) capture transactions already recorded in the city’s audited figures and that adjustments affecting fund balance require…
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