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Committee forwards fourth-quarter general fund transfers, including $34,000 reallocation
3798049 · June 11, 2025
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Summary
Finance staff explained year-end fourth-quarter transfers that move roughly $34,000 among line items and reallocate a 'class and comp' contingency to departments now that the study is finalized; the committee gave a favorable recommendation.
The Annapolis Finance Committee voted to forward the city’s routine fourth-quarter general fund transfers, which move department line-item balances to cover anticipated overages at fiscal year end.
Finance staff described the transfers as the city’s annual final attempt to reconcile…
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