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DeBary council amends FY 2024–25 budget, approves intra‑fund loan to smooth capital cash flow
Summary
City Council unanimously approved Resolution 2025‑02, adjusting the FY24–25 budget to carry forward projects, add hurricane expenses and authorize a $250,000 general‑fund loan to a capital project fund to avoid negative cash during reimbursement timing.
The City of DeBary City Council voted unanimously to adopt Resolution 2025‑02 on a motion to amend the fiscal year 2024–25 budget, adding carry forwards, project appropriations and a $250,000 intra‑fund loan to prevent cash‑flow issues in a capital project fund.
Finance Director Liz Bauer presented the amendment, saying the city is carrying forward roughly $2.5 million in unassigned general‑fund balance and adding several specific projects to fiscal 2025. She told council the loan is intended to prevent a negative cash position in Fund 310 while the city incurs costs and later requests reimbursement from grantors.
The nut graf: The amendment combines closeouts from FY24 with known ongoing…
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