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Council approves FY 2024–25 midyear budget adjustments, moves paving project forward
Summary
The Tehachapi City Council approved midyear changes to the FY 2024–25 budget that move a planned pavement rehabilitation project into the current year and record several fund balance adjustments, including a general fund decrease tied to that project.
Finance director Ahmed (last name not specified) presented the city’s midyear budget adjustments for fiscal year 2024–25 and recommended council approval.
Staff reported a general fund decrease to fund balance of about $2.7 million driven primarily by moving a planned pavement rehabilitation project, originally budgeted for FY 2025–26, into the current fiscal year to take advantage of the design schedule and anticipated pricing. The finance director…
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