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Wasco council adopts $109,448 midyear operating budget adjustment, staff outlines reserves and revenue outlook
Summary
Council unanimously adopted a midyear adjustment increasing appropriations by $109,448; staff discussed revenue projections, investment strategy, reserve levels, and fund-specific issues including water, wastewater and sanitation.
The Wasco City Council unanimously adopted a midyear operating budget adjustment of $109,448 after a presentation by city finance staff detailing current revenues, expenditures and reserve positions across the general fund and enterprise funds.
Finance staff summarized the adjustment as a net increase that reflects revenue variances and necessary appropriations in several areas. Staff said projected sales tax revenue was expected to be flat for the fiscal year, occupancy tax projections were trimmed modestly, and some previously budgeted amounts (for example, certain animal-shelter expenditures) were not expected to be fully spent. On the expenditure side, staff requested additional appropriations to cover police fuel costs, professional services for the police department, and body-worn…
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