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La Palma adopts midyear budget amendments; reserves remain healthy
Summary
Council adopted midyear adjustments and a resolution amending the FY 2024–25 budget, citing $2.7 million carryover from FY 2023–24 and reserves of about $22.9 million (158% of general fund annual expenditures). Proposed appropriations include medians ($184,000), a police message-board grant ($88,000) and $150,000 for a water-fund lead-service-line inventory.
La Palma — The City Council adopted midyear budget adjustments and a resolution amending the fiscal-year 2024–25 budget at its March 4 meeting, after staff reviewed revenue and appropriation updates.
Finance staff reported that FY 2023–24 actual revenues, transfers and expenditures produced approximately $2.7 million in excess of transfers…
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