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City seeks third‑quarter budget adjustments including state CSA increases and other reconciliations
Summary
Staff outlined third‑quarter adjustments to the FY25 budget: additional non‑dedicated revenue (personal property and investment interest), state increases to Children's Services Act funding that require a local match, and a set of grant‑fund true‑ups and transfers across funds.
City staff presented a list of third‑quarter budget adjustments at the April 8 works session asking council to appropriate newly realized revenues, reconcile grant receipts and recognize changes in fund needs.
Key items staff identified included: an estimated $500,000 additional personal‑property tax revenue and about $749,464 additional investment interest…
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