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Escalon council approves midyear budget review; straight-line forecast shows $51,000 shortfall if trends continue
Summary
Council unanimously accepted the midyear budget report. Staff said a straight-line forecast would leave a roughly $51,000 shortfall if revenues and expenditures track the same way in the second half of the fiscal year and outlined monitoring and transfers to balance the budget.
The City Council unanimously approved the city’s midyear budget report after staff presented a straight-line forecast showing a potential $51,000 shortfall if revenues and expenditures continue at the current rate.
Staff explained that revenues and expenses do not arrive evenly through the fiscal year; revenues often come later, and the straight-line tool assumes identical second-half…
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