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Treasurer reports lower year-end cash; council approves increased grant-writing contract and an active-transportation grant award
Summary
City Treasurer reported a drop in cash from Dec. 2023 to Dec. 2024; council approved a contract amendment for grant-writing services and accepted a $300,000 SCAG active-transportation award (partial of requested $700,000).
The City Treasurer reported year-end cash balances that were lower at Dec. 31, 2024 than a year earlier, and council approved two items tied to grant programs and grant-writing support.
At the meeting the city treasurer reviewed cash-by-account tables comparing Dec. 2023 and Dec. 2024. The treasurer reported general-account cash of $100,406,644 at December 2023 and $77,083,629 at December 2024, a variance of $23,323,015 reported by staff. The successor-agency account fell from $17,533,756 to…
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