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Council adopts midyear budget adjustments; city projects modest surplus for FY25
Summary
Council approved Resolution 25.004 making midyear budget adjustments across funds. Staff reported a projected general fund surplus after adjustments and described changes in special revenue and capital funds; the STAR program will be transitioned to the school district.
The City Council on Feb. 25 adopted Resolution No. 25.004 approving midyear budget adjustments for fiscal year 2024–25, Finance Director Kim Sow reported.
Sow said staff reviewed revenues and expenditures and recommended several adjustments across funds. Key items in the packet included a $441,070 increase to the General Fund operating budget (largely reallocations…
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