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Council approves $5.71 million amendment moving FY24 one‑time fund balances into capital funds
Summary
City staff presented and council approved an amendment to the FY25 appropriation ordinance to appropriate $5,710,476 of one‑time, unanticipated FY24 fund balances into capital and related accounts, moving excess operating fund balances into capital funds for future projects and debt obligations.
Moscow City Council on Sept. 2 held a public hearing and approved an amendment to the fiscal year 2025 appropriation ordinance to appropriate $5,710,476 in unanticipated FY24 fund balances into capital funds and related expense lines.
Finance Director Sarah Decker told council the amendment consolidates a set of one‑time balances that resulted from under‑expenditures and timing differences across several city funds. Decker outlined the principal changes: a FY24 general fund balance of $726,888 that includes personnel savings arising…
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