Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council adopts 2024 budget amendments, records carry-forwards and assigns fund balance
Summary
Finance staff reported stronger-than-expected 2024 revenues and presented an amended 2024 budget that the council approved by resolution; staff cited higher investment earnings, building permits and several one-time items as drivers of a $1.9 million increase in unrestricted fund balance.
The New Richmond City Council approved a resolution to adopt amendments to the City’s 2024 budget, appropriate carry-forward funds and assign fund balance so staff can proceed with the 2024 audit.
Finance staff presented unaudited 2024 results showing stronger-than-expected revenues (about $10.8 million reported in presentation versus an $8.8 million budget figure) and modestly higher expenditures. Drivers cited included…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
