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Committee forwards budget revision No. 3 to council adjusting FY24–25 general fund balances and appropriations
Summary
The Administration and Finance Committee voted to forward Resolution 2025-R-49, the third general fund budget revision for FY24–25, which reconciles beginning fund balance to audited figures and adjusts multiple revenue and expenditure lines including increases for state grants and insurance claims and reductions to contingencies.
The Administration and Finance Committee on April 28 voted to forward to full council Resolution 2025-R-49, the third revision to the FY2024–25 general fund budget, which reconciles beginning fund balance to audited figures and adjusts appropriations across revenue and expenditure lines.
Scott Arthur, the city’s senior accountant, told the committee the State Auditor requires the city to revise…
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