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Millbrae Council adopts FY24–25 midyear budget amendments, cites $700,000 surplus and one-time grants
Summary
The Millbrae City Council on March 11 adopted midyear budget amendments increasing FY24–25 revenues to about $44.4 million and expenditures to about $43.8 million, citing one-time grants, a BLF property tax adjustment and modest staffing changes; vote 5-0.
The Millbrae City Council on March 11 adopted a midyear amendment to the FY24–25 budget, approving staff recommendations to increase revenues and expenditures to reflect one-time grants, reimbursements and an updated property‑tax allocation. The motion to amend the adopted budget passed 5-0.
Finance staff reported the adjustments raised budgeted general‑fund revenues from roughly $42.4 million to $44.4 million and budgeted expenditures from about $42.9 million to $43.8 million, leaving an approximate $700,000 positive variance for the fiscal year. City Manager Tom Williams and Director of Finance Mike Sung…
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