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Lincoln Park council approves midyear budget amendments, staff says revenues exceed expenditures by about $109,500
Summary
City council approved midyear budget adjustments after staff reported estimated revenues exceed expenditures by $109,515 and highlighted grants and overtime changes affecting several departments.
The Lincoln Park City Council on an affirmative vote approved midyear amendments to the fiscal year 2024–2025 budget after staff said current estimates show revenues exceeding expenditures by $109,515.
Finance staff told the council that ‘‘at the midyear point this year, we are estimating that expenditures will come in below revenues by $109,515,’’ and noted that several grants and reimbursements contributed to revenue increases. The staff summary said general fund revenues rose about $200,000, in part because the clerk’s…
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