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Finance committee backs transfer from capital reserve to fix double-counted transportation roof funding
Summary
The committee recommended favorably on SA 4-26 to move capital reserve funds to cover a roof-replacement transportation project after staff said a grant had been double-counted in the FY26 budget; members asked for options to replenish reserves.
The Finance Standing Committee on Sept. 3 recommended approval of SA 4-26, a budget adjustment that shifts funds from the city's capital reserve to cover a Department of Transportation roof-replacement project after staff said a grant had been double-counted in the FY26 budget.
Director Moran (Finance Department) explained the error: a grant included in FY25 was double-counted in FY26, creating a shortfall. "We had a…
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