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Council adopts fiscal-year Q3 budget adjustments; staff forecasts modest surplus
Summary
Council approved Resolution No. 2025-23 adopting proposed operating and CIP adjustments for fiscal year 2024-25; staff reported a projected $870,000 general fund surplus and proposed transfers to reimburse prior interfund advances.
The City Council on May 20 adopted a quarterly budget update that adjusts the city's fiscal-year 2024-25 operating and capital budgets and approves a transfer to reimburse a prior interfund advance.
Administrative Services Director Buffy Bullis presented the Q3 update and recommended adoption of Resolution No. 2025-23. Bullis told the council the update proposes overall revenue increases of about $2.7 million and expenditure reductions of about $3.06 million…
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