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Council approves midyear budget adjustments, general fund projected to grow by about $693,600
Summary
Council approved midyear fiscal adjustments for FY 2024'25 that staff said would increase the general fund balance by approximately $693,577, and applied adjustments across several restricted funds. Council voted 5-0 to approve the midyear changes.
The Solvang City Council unanimously approved midyear budget adjustments for fiscal year 2024'25 at its Feb. 11 meeting.
Finance staff presented revisions that staff said "true up" revenue and expense estimates from July through December and that projected the general fund balance to increase by roughly $693,577 if current trends continue. Staff noted changes across restricted funds: a Measure U fund…
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