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Council adopts FY24‑25 midyear budget amendment, reallocates CDBG program income to community center project
Summary
The council adopted a midyear budget amendment that increases the General Fund estimated ending balance after updated revenues and approved allocation of Community Development Block Grant (CDBG) program income to the community center rehabilitation project.
The Capitola City Council on Feb. 20 adopted the fiscal year 2024‑25 midyear budget amendment and approved reallocation of Community Development Block Grant (CDBG) program income to support the Community Center rehabilitation project.
Finance staff told the council that actual revenues for the recently closed fiscal year came in about $6,065,000 higher than estimated and expenditures were lower by roughly the same amount, which increased the…
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