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Council approves FY24 second‑quarter allocations including CalPERS payment and Slow Rep commitment
Summary
San Luis Obispo City Council accepted the fiscal year 2023‑24 second quarter budget report and approved staff recommendations to allocate unassigned fund balance, including supplemental CalPERS payment and a commitment to funding the Slow Rep theater project.
The San Luis Obispo City Council voted unanimously to accept the city’s fiscal year 2023‑24 second quarter budget report and to allocate unassigned general fund balances for one‑time expenses and commitments.
Staff reported a $9.167 million unassigned general fund balance after encumbrances and assignments. Council approved staff recommendations that included increasing the general fund portion of the city’s additional discretionary CalPERS payment (the staff‑recommended general fund share was $661,000 as part of a…
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