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Daly City council approves FY25 midyear operating and capital adjustments; adds network administrator and refinancing for pedestrian and parking projects
Summary
Council accepted the FY24 annual financial report, the quarter‑end investment report and approved midyear adjustments to the FY25 operating and capital budgets, including an added network administrator position consistent with the IT plan and funding for three CIP projects.
Daly City Council approved several financial and budget actions on Feb. 24, including acceptance of the fiscal year 2024 annual comprehensive financial report, the quarter‑end investment report and midyear adjustments to the fiscal year 2025 operating and capital budgets.
On the operating side staff recommended and council accepted an $800,000 increase to expected general fund revenues and an approximately $246,789 increase in general fund expenditures; those adjustments reduce the budgeted general fund deficit in the FY25 adopted budget. The midyear review also included three personnel actions: reclassification of a…
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