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Twentynine Palms council approves midyear budget adjustments, OKs transfers for senior center and equipment
Summary
The Twentynine Palms City Council on March 4 approved midyear amendments to the fiscal 2024–25 general fund and capital/special funds budgets, authorizing transfers for senior center improvements, vehicle purchases and other capital needs while finance staff warned a Homekey housing project will need additional funding.
The Twentynine Palms City Council on March 4 approved midyear adjustments to the city's fiscal 2024'25 general fund and capital/special-funds budgets after a presentation from Finance Director Abigail Hernandez showing the city remains in a positive cash position.
Hernandez told the council the city had about $18.5 million in cash and investments at midyear and outlined proposed adjustments that together still forecast a $92,000 surplus for the fiscal year. She recommended transfers to cover higher-than-anticipated vehicle costs, set aside money for a street-sweeper reserve and fund improvements at the senior center. The council voted unanimously to adopt the adjustments.
Hernandez said the city's cash is invested across several vehicles and remains readily available for operating needs. She identified the largest revenue changes as a proposed $406,000…
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