Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Rockville council adopts FY2025 budget amendment to record leases, fund REAP, add two police overfills and cover IRS arbitrage payments
Summary
On June 2 the Rockville Mayor and Council introduced, waived layover, and adopted Budget Amendment No. 4 for FY2025 to record administrative year‑end adjustments, transfer $80,000 to REAP, authorize two police officer overfills and cover bond arbitrage liabilities and project reconciliations.
The Rockville Mayor and Council on June 2 introduced and adopted Ordinance No. 4‑25 amending the FY2025 budget to record several year‑end administrative adjustments and program changes, including an $80,000 general fund transfer to the Rockville Emergency Assistance Program (REAP), authorization to overfill two police officer positions, and payment of arbitrage liabilities tied to prior bond proceeds.
Mary Sue Martin, a city finance official, told the council the amendment primarily covers ‘‘administrative adjustments needed to accommodate the fiscal year end…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
