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Council adopts amended 2024 budget after finance presentation showing surplus
Summary
Finance staff presented unaudited 2024 results showing revenues of about $10.8M (22% above budget) and increased unrestricted fund balance; the council approved Resolution 032501 to adopt the recommended 2024 amendments and carryforwards ahead of the audit.
The New Richmond City Council adopted Resolution 032501, approving amendments to the 2024 budget and carryforward appropriations after a finance presentation on unaudited year-end results.
The finance presentation showed total 2024 revenues of roughly $10.8 million versus the $8.8 million budget, driven by stronger investment earnings, higher…
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