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Albany Board of Estimating approves seven budget transfers and revenue adjustments
Summary
At its May 20 meeting the Albany Board of Estimating approved seven interdepartmental budget transfers and two revenue adjustments, including an upward state CHIPS allocation and a $500,000 increase tied to stabilization and demolition fees.
The Albany City Board of Estimating on May 20 approved seven budget transfers and two revenue adjustments to reflect updated allocations and cover upcoming expenses.
The transfers moved line-item funds within departments to match intended purchases and to cover invoiced services, while the revenue adjustments increased city receipts tied to the Consolidated Local Street and Highway Improvement Program (CHIPS) and to stabilization/demolition fees. Sean Hill Gath, deputy chief city auditor, opened the session and described the agenda items.
The board approved seven budget transfers including: $40,000 within the Department of General…
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