Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Universal City council approves midyear budget amendments including water-rights purchase
Summary
Council approved midyear budget amendments that increase uses of certain fund balances, recognize a water-rights purchase of about $815,000 in the utility fund and budget changes for PEG and court technology funds, and acknowledge proceeds from a golf-course equipment loan.
The Universal City Council approved midyear budget amendments on April 15, 2025, recognizing changes to several funds, increasing the use of fund balance for PEG and court technology accounts and acknowledging an $815,000 line-item increase tied to water-rights acquisition in the utility fund.
City finance staff told the council that at March 31 the city had completed about half of the fiscal year and the general fund revenues exceeded expenditures by roughly $4,800,000, driven largely by ad valorem tax receipts. Staff said the PEG (public-access television) channel and court technology funds are new this fiscal…
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
