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Lake Forest council adopts mid‑year budget adjustments, staff says city remains financially strong
Summary
City staff recommended modest adjustments to revenue and other‑fund appropriations in the fiscal 2024–25 mid‑year budget review. Council adopted the revisions by voice vote; staff said the general fund remains balanced and reserves fully funded.
City finance staff presented a mid‑year budget update to the Lake Forest City Council on Tuesday and recommended a set of revenue and appropriation adjustments across several funds.
Director of Finance Kevin Shireh told the council staff expects general fund revenue to increase by about $236,000 and recommended other funds revenue be reduced by about $1.6 million while other fund appropriations rise by approximately $4.3 million. The proposed changes reflect updated estimates through February and…
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