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Staff outlines spring 'bump' supplemental budget process and technical mid‑year adjustments
Summary
Budget staff told the Finance Committee the city will use a short spring supplemental (“bump”) to make technical adjustments, carry over unspent program funding and allocate policy set‑asides; staff said the approach is intended to keep funds available to pay obligations and to produce a clean starting ledger for the executive budget.
Ruth Levine, the city’s budget director, and Anthony Locke, a budget analyst and supplemental budget coordinator, presented the Finance Committee with a brief on how the city has historically handled supplemental budgets and a proposed approach for this spring.
Levine said the city has typically used three organized supplemental budget actions: a fall supplemental to true up beginning fund balance; a spring supplemental (the so‑called “bump”) to project year‑end spending and carry forward amounts; and an…
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