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Councilor proposes committed fund balance for active‑transit and pedestrian safety projects
Summary
Councilor Berman asked staff to prepare an amendment to create a committed fund balance to finance active‑transit and pedestrian‑safety initiatives using unassigned fund balance above ordinance targets; city staff explained committed fund balance is controlled by council and can be appropriated for specific projects.
Councilor Berman asked the city administrator Monday to prepare an amendment (either for the budget or a later action) that would create a committed fund balance to support active‑transit projects and pedestrian safety initiatives.
City Administrator Bananco and finance staff explained how committed fund balance works: unlike unassigned fund balance, money placed…
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